Anthony Scaramucci accuses SBF of harming the US crypto industry

FTX founder Sam Bankman-Fried (SBF) has ‘harmed’ the US cryptocurrency industry from a regulatory standpoint. This was stated by Skybridge Capital chief Anthony Scaramucci, according to Cointelegraph.

During a panel discussion at Collision 2023 in Toronto, he recalled SBF’s political donations.

“And now the pendulum has swung too far toward excessive regulation within this ridiculous prosecutorial oversight,” Scaramucci said.

In his view, Canada has overtaken the US in building a regulatory framework for participants in the industry. The latter are engaging with lawmakers to develop guiding principles, he added.

“We are seeing the Canadian space for crypto assets flourish,” Scaramucci noted.

At the same time, he praised Binance CEO Changpeng Zhao for leadership in the industry. The head of Skybridge Capital did not rule out that the top executive would continue to receive “many fiery arrows”, but would maintain influence.

“In fact, he has the largest platform, and it is exactly this platform that could achieve mass adoption while remaining a legitimate source from which they will continue to operate in all major jurisdictions around the world,” concluded Scaramucci.

In September 2022, FTX acquired 30% of SkyBridge’s shares for $30 million. In response, the hedge fund bought $10 million worth of FTX’s FTT tokens, which are now virtually worthless.

In early 2023, Scaramucci spoke of friendly relations with Bankman-Fried and called him a “traitor”.

Earlier in April, the founder of Skybridge Capital expressed distrust of the idea of reviving FTX.