The former White House communications director reportedly suggested that members of Congress running for reelection ”don’t want to be opposed by the crypto industry.”
Anthony Scaramucci, the founder of SkyBridge Capital and former White House director of communications during US President Donald Trump’s first term, has suggested that members of Congress will act to curry favor with the crypto industry before the 2026 midterm elections.
In an interview with the Financial Times published on Feb. 4, Scaramucci said US lawmakers in the House of Representatives and Senate facing primary challenges and close elections in swing districts would likely want to show a record of “proposing positive crypto legislation” before 2026.
The former White House communications director suggested that Congress could enact “a burst of legislative activity” before it breaks for the 2025 holidays, potentially including a crypto market structure bill.