Originally published on: August 19, 2024
In a recent interview with Cointelegraph, Anthony Scaramucci, the founder of SkyBridge Capital, raised an important concern regarding the upcoming US election. Scaramucci believes that the failure to appeal to pro-crypto voters could cost presidential candidate Kamala Harris the election.
The Power of Pro-Crypto Voters
Scaramucci pointed out that even though only about 25 million Americans own cryptocurrency, a significant portion of them are single-issue voters. He estimates that if just 5% of these pro-crypto voters reside in key swing states, Harris could suffer defeat in the election.
Democratic Party’s Stance on Crypto
Scaramucci, a former White House Communications Director under the Trump administration, criticized the Democrats for their approach to the crypto industry, describing it as a “disaster.” While many in the crypto community have favored Trump for his pro-crypto campaign, Scaramucci expressed reservations about the president’s reliability on the issue.
Trump’s Transactional Nature
Scaramucci characterized Trump as “the most transactional” figure, suggesting that his positions on crypto could easily shift. He expressed concern that Trump’s policies could lead to an “oligarchic situation,” undermining the US capital market and its global influence.
Pro-Crypto Voters’ Dilemma
Despite his reservations about Trump, Scaramucci acknowledged that the president still holds appeal for pro-crypto, single-issue voters. This presents a challenge for candidates like Harris, who must navigate the complex landscape of crypto politics to secure the support of this influential voter bloc.
Insights on US Presidential Election
To explore Scaramucci’s full insights on the role of crypto in the US presidential election, watch the exclusive interview on our YouTube channel. Stay informed and join the conversation – don’t forget to subscribe for more engaging content!
