Anthony Scaramucci, the founder of Skybridge Capital, predicts that forthcoming crypto regulations could spark the next bull market in cryptocurrencies. In a recent interview on CNBC Squawk Box, the former White House communications director revealed that he, along with prominent industry figures Mark Cuban and Michael Novogratz, visited Washington, D.C. to discuss concerns regarding Senator Elizabeth Warren and SEC Chair Gary Gensler’s stringent stance on crypto regulation.

“We were in Washington a few weeks ago, meeting with White House officials to highlight the risks of the Gary Gensler-Elizabeth Warren anti-crypto approach. Hopefully, our message is resonating… Ultimately, aligning regulatory policies for Bitcoin and crypto assets could pave the way for a bull market next year,” Scaramucci asserted.

Drawing a parallel, Scaramucci likened crypto assets to Uber, the ride-sharing giant that faced initial skepticism from regulators but eventually gained acceptance through clear regulations driven by public demand.

“Think about Uber – initially, it faced resistance from regulators and local authorities. However, as public demand surged, regulators adopted a fair regulatory framework. I believe we’re at a similar juncture now,” Scaramucci remarked.

Furthermore, Scaramucci highlighted a growing sentiment among younger Democratic voters who question their party’s approach to digital assets.

“President Trump’s positive stance on Bitcoin and crypto has rattled the Democrats. Younger, astute Democrats recognize that their party’s stance, including SEC lawsuits and regulatory overreach, needs recalibration towards a more centrist position,” Scaramucci noted.

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