Scaramucci and Harris Collaborate on Crypto Policies

Anthony Scaramucci is collaborating with U.S. Vice President Kamala Harris to shape her digital asset policies ahead of the 2024 presidential election, aiming to distance the Democratic Party from crypto opponents like Senator Elizabeth Warren and SEC Chair Gary Gensler. This partnership, revealed at the TOKEN2049 conference, suggests a more industry-friendly stance by Harris. Meanwhile, key legislative efforts for crypto regulation are anticipated to progress during the lame-duck session post-election, with bipartisan support from lawmakers like Rep. Tom Emmer, Sen. Kirsten Gillibrand, Rep. Patrick McHenry, and Sen. Cynthia Lummis. These efforts highlight the urgency for regulatory clarity in the crypto space, despite criticisms of the CFTC being under-resourced for such oversight. The crypto community remains hopeful that favorable policies will be enacted soon.