Crypto's Unexpected Ally: Trump's Surprising Impact

Anthony Scaramucci, a well-known figure in finance, recently shared his thoughts on how the Trump administration affected the world of cryptocurrencies. He believes that Trump's time in office was actually quite good for the crypto industry. Scaramucci pointed out that Trump saw the potential in cryptocurrencies early on. He realized that supporting crypto could bring in money for his campaigns and the Republican Party. This move turned out to be successful. He also praised Trump for appointing key figures like David Sacks, Scott Bessent, and Paul Atkins to important roles. These appointments created a more favorable environment for cryptocurrencies compared to what might have happened under a Biden or Harris administration.However, Scaramucci acknowledged that there were two sides to Trump's approach. On one hand, there was the "good Trump" who supported crypto. On the other hand, there was the "bad Trump" who introduced meme coins just before the inauguration. This move caused some problems, slowing down regulations and making it harder to gain support from Democrats. Scaramucci's views have changed over time. In the past, he supported Kamala Harris's approach to cryptocurrency and even backed the "Crypto For Harris" campaign. Despite his criticism of Trump on other issues like tariffs and foreign policy, he acknowledges the positive impact Trump had on the crypto industry.