What to Know:

• Anthony Scaramucci, the founder of investment firm SkyBridge Capital, anticipates that the U.S. will draft pro-crypto regulations by November.
• Pro-crypto legislation may come amidst the usual surge of activity before the congressional Christmas break, according to Scaramucci’s insights shared in a recent interview.
• He criticized Donald Trump’s memecoin, calling it ‘bad for the industry,’ while acknowledging the positives in stress-testing blockchain networks through tokenization.

Scaramucci, who briefly served as President Trump’s communications director in 2017, expressed optimism about pro-crypto regulation in the U.S. in an appearance at the Digital Assets Forum in London. He elaborated on his expectations in an interview with the Financial Times.

“[If] I’m running for re-election to Congress, I’m subjected to a two-year term, and if I don’t want to be opposed by the crypto industry, I want to be out on my front foot proposing positive crypto regulation,” he mentioned to the FT. “So … their campaigns have to start no later than March 2026. We’re talking one year from today.”

This implies that legislation aligned with pro-crypto interests could indeed be introduced before the usual growth period of legislative action preceding the congressional recess.

“You’ll probably get it in November of this year, before that recess,” he added.

Scaramucci noted that Trump, who had previously courted the crypto industry by promising support for digital assets, launched an executive order for solidifying policies about cryptocurrencies in the U.S.

He has, however, been critical of the former president, referring to him as an ‘insane lunatic’ during the interview.

On Trump’s Memecoin

Scaramucci also described Trump’s official memecoin, TRUMP, as ‘bad for the industry.’

TRUMP surged to nearly $73 shortly after its launch on January 18 but has since seen a drop of over 76%.

“It’ll scare people, it’ll make people think that the industry is a scam,” he remarked.

Despite these concerns, Scaramucci acknowledged that the TRUMP coin showcased the capabilities of the Solana blockchain due to the extensive trading activity, which could serve as a case study for the potential of tokenizing bonds and stocks.

“If we’re really gonna tokenize things, one of the ways to test the rail system is through memecoins, whether it’s DOGE or TRUMP,” he stated. “I think it’s helpful … I don’t like it, but that’s one of the positives of it.”