Kamala Harris’s stance on crypto could decide 2024 election, says Scaramucci

Anthony Scaramucci, the former White House Communications Director and founder of SkyBridge Capital, shared his insights on the future of crypto regulation in the United States during a recent SlateCast episode. With the 2024 presidential election on the horizon, Scaramucci discussed how the outcome could significantly impact the crypto industry, particularly in relation to Bitcoin and broader regulatory approaches.

“If [Harris] makes the positive crypto statements that I’m expecting after the convention… then I think Gensler’s gone… If she doesn’t make those statements… I think she’s going to lose the election.” – @Scaramucci

Anthony Scaramucci joins @NateWhitehill, @jvs_btc & Akiba… pic.twitter.com/eOdEmtrIYh

— CryptoSlate (@CryptoSlate) August 15, 2024

Scaramucci began by analyzing the political stakes, positioning the election as a pivotal moment for the future of crypto in the US. “I still think it’s Trump’s election to lose, by the way, even though she has momentum,” Scaramucci said, referencing Kamala Harris’s current standing. However, he quickly pointed out the potential consequences if Harris fails to support crypto: “If she makes the positive crypto statements that I’m expecting after the convention and after the nomination, then I think Gensler’s gone.”

Scaramucci’s comments suggest that the future of SEC Chair Gary Gensler, known for his agressive stance on crypto, could be tied to Harris’s position on digital assets. He warned that if Harris aligns with figures like Elizabeth Warren, known for their critical view of the crypto industry, it could spell trouble for her campaign: “If she doesn’t make those statements and she’s lining up with the Warren minions… I think she’s going to lose the election.”

He elaborated on the political implications, noting the increasing influence of the crypto community. “50 million people own the stuff. 5% of those people are single-issue voters and she will be signaling to them she doesn’t care,” Scaramucci explained, underscoring the potential electoral impact of crypto voters who prioritize the issue.

Turning to Donald Trump, Scaramucci highlighted the former president’s evolving stance on crypto. Despite initially dismissing Bitcoin and other digital assets, Trump has begun to shift his position, driven by political calculations. Scaramucci described how Vivek Ramaswamy, a rising political figure, influenced Trump’s change of heart:

“When…