EddieJayonCrypto
7 May 25
Anthony Scaramucci criticized former President Donald Trump’s involvement in cryptocurrency, including his Solana meme coin and related businesses, saying they create opportunities for corruption and distract from bipartisan crypto legislation. Scaramucci praised the Trump administration’s crypto ef...
Anthony Scaramucci has raised strong concerns about former President Donald Trump’s involvement with cryptocurrency, warning that the Trump family's crypto ventures pose risks of corruption and obstruct bipartisan progress on crypto legislation. While Scaramucci acknowledges the White House’s efforts—giving them a “B-plus, A-minus” grade—and credits crypto czar David Sacks for bridging party divides, he emphasizes the necessity of a bipartisan commitment to a strategic Bitcoin reserve. He cautions that unilateral executive orders on such matters leave future administrations the power to easily reverse them. Democratic lawmakers, including Senators Elizabeth Warren and Adam Schiff, have spotlighted potential “pay to play” corruption linked to Trump’s crypto activities, such as exclusive gala dinners for coin holders that grant them privileged access. Warren also flagged concerns around World Liberty Financial’s USD1 stablecoin and a $2 billion deal involving MGX and Binance, suggesting it could open doors to unethical dealings. These controversies have fueled opposition from Democrats like Maxine Waters, who helped block crypto legislation and staged protests, citing Trump’s crypto businesses as major obstacles. Waters angrily pointed to Trump’s brazen practice of leveraging his crypto holdings—calling out the enrichment of himself and his family and the use of White House events to coax investors. Scaramucci, who briefly served in the Trump administration, argued that the Trump family’s crypto ventures—including the Solana meme coin and partnerships like the one with Crypto.com—distract from the larger goal of creating sound, bipartisan crypto policies. He urged removing these distractions to facilitate broader acceptance and legislative progress among skeptical lawmakers. As this saga unfolds, the intersection of crypto, politics, and family business interests continues to complicate America’s digital asset landscape, raising critical questions about governance, transparency, and the future of bipartisan crypto cooperation.