Anthony Scaramucci, the founder of SkyBridge Capital, believes that the former president, Donald Trump, is influencing Democrats to reevaluate their traditionally anti-crypto stance.

In a recent CNBC interview, Scaramucci pointed out that Trump, the Republican candidate for the upcoming presidential election, is aligning himself with the crypto sector. This shift has prompted Democrats to reconsider their positions, moving away from the most vocal critics of cryptocurrency on Capitol Hill.

“Regardless of my personal views on President Trump, I commend him for recognizing the significance of this industry for the United States. Ironically, he is nudging the Democrats towards a more centrist regulatory approach,” Scaramucci stated.

Once an advocate for Trump, having briefly served as his communications director in 2017, Scaramucci is now backing Vice President Kamala Harris, the Democratic nominee.

During his address at the TOKEN2049 conference in Singapore, one of the largest gatherings in the crypto world, Scaramucci revealed that he and other supporters of digital currencies are collaborating with Harris to shape future regulations for digital assets, should she win against Trump in the November election.

“There’s a coalition of cryptocurrency and Bitcoin advocates working with her to steer the Democratic Party away from figures like Elizabeth Warren and Gary Gensler,” he noted.

Warren, a Democratic senator, and Gensler, who chairs the U.S. Securities and Exchange Commission (SEC), are often viewed as adversaries of the crypto industry.

Scaramucci expressed optimism about the movement, saying, “I believe we are making strides, and I see it heading in a positive direction… Our aim is to establish a bipartisan framework for cryptocurrency in the U.S., free from political and tribal disputes.”

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