Anthony Scaramucci Says Trump Family's Crypto Ventures Create "Pathways" to Corruption and Disrupt Policymaking

Anthony Scaramucci said that the Trump family’s crypto ventures create “pathways” to corruption and disrupt policymaking, referring to the TRUMP token, USD1, and World Liberty Financial.

After a rather busy period helming SkyBridge Capital and making regular appearances on various financial news programs, former White House Communications Director Anthony Scaramucci has once again made some interesting observations—this time at the FT Digital Asset Summit.

Speaking on a panel titled “The Future of Web3 and Tokens,” Scaramucci expressed his skepticism about the Trump family’s ventures into the crypto sphere.

Specifically, he had some choice words for the TRUMP token, USD1, and World Liberty Financial, stating that they're a "distraction" from the broader goal of bipartisan policymaking.

To be precise, he said:

Let’s give them all the benefit of the doubt. But I do think that there’s pathways for some level of corruption, potential bribery and ‘sinistership,’ if you will. And I think we would just want people not to have those pathways, or to take that completely off the table. We want there to be a bipartisan commitment. I don’t think the President signing a strategic Bitcoin reserve through executive order was the answer for the United States.

I think we want there to be a bipartisan commitment and no debate about what should be in the reserve. There’s no debate in the Congress about whether or not we should have rare earth minerals or oil in our strategic reserve.

We came close to getting a stablecoin bill, but Trump has been so outrageously brazen with his ownership of a crypto company, a stablecoin. Enriching himself and his family, coddling investors by bringing them to the White House. It’s just too much.

There's certainly potential for differing opinions here. Some might view this as a strong statement, highlighting a clear instance of conflict of interest. Others, however, might feel that the criticism is a bit exaggerated and that the observations are part of a broader pattern. For instance, Scaramucci also noted how a president usually wouldn't be involved in the creation of assets like stablecoins, which could form part of a country's economic foundation.