Anthony Scaramucci: Trump’s Crypto Promises May Be Illusory

Donald Trump’s campaign promises to ease regulatory constraints on the U.S. crypto industry may prove deceptive. These insights were shared by SkyBridge Capital founder and former presidential administration member Anthony Scaramucci with Benzinga.

“Sometimes in the desert, when you see an oasis, it may turn out to be a mirage,” noted the entrepreneur.

He emphasized that the optimism and hopes of the crypto community regarding a change in U.S. leadership are likely to lead to disappointment.

The launch of the TRUMP meme coin on the eve of the inauguration is one indication that Trump “is not paying enough attention to the needs of the crypto industry,” Scaramucci believes.

However, the main negative factor for the market, according to the expert, is the unpredictability of the president’s actions:

“Markets hate unpredictability and uncertainty. Markets love calm.”

Scaramucci expressed concern over the “whim” of imposing higher tariffs on goods from Canada, Mexico, and China, and pointed to Trump’s tendency to change his decisions based on personal gain.

“I’m amazed that people are surprised by this,” the entrepreneur stressed.

Despite the expressed concerns, Scaramucci is convinced that the American crypto industry will eventually receive the desired friendly regulations. However, in his view, this will not be due to support from the Trump administration, but as a result of “learning from mistakes” by the Democrats, who lost the election due to their stance towards the crypto community.

Back in February 3, following Trump’s statements about potentially expanding the scope of trade wars, the crypto market capitalization fell by 11.7%.