Former Director of the White House Criticizes Trump's Altcoin: Bad for Crypto! - Coin Bulletin

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Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, said he expects crypto-friendly regulations to be enacted in the US by November 2025.

Speaking at the Digital Assets Forum in London, Scaramucci suggested that Congress members will expedite regulations to garner support for the crypto sector before the 2026 elections.

According to Scaramucci, candidates will not want to create an anti-crypto image before the 2026 elections, and there is a high probability of passing pro-crypto laws before the end of this year, before the Christmas holiday. Donald Trump also announced that he would pursue a pro-crypto policy during his presidential campaign process and has taken steps supporting digital assets since taking office.

Scaramucci: 'Trump's Memecoin is Bad for Crypto'

Trump's official memecoin TRUMP has lost more than 76% of its value after rising to $73 on its release on January 18. Scaramucci stated that this coin could harm the crypto sector and scare people into thinking it is fraudulent.

However, Scaramucci, stating that TRUMP token tested the power of the Solana network, added that memecoins subjected blockchain systems to stress tests and that this could be useful for the tokenization of bonds and stocks in the future. He said, "I don't like it, but there is a positive side to this."

TRUMP-2.84%
KAS-4.93%
D-4.37%
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