- Scaramucci said Trump’s crypto policy drew capital but also created regulatory challenges.
- Tariff policy triggered major liquidations despite Bitcoin’s record high in 2025.
- New executive order repealed restrictions and launched a digital asset policy group.
Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, said Trump’s crypto policy has affected the digital asset sector in ways that differ from the Biden-Harris administration’s approach. In recent remarks, Scaramucci highlighted policy decisions, appointments, and market reactions tied to the Trump presidency, while also pointing to risks linked to political and market events.
In a social media post on Sunday, Scaramucci referenced a recent interview in which he discussed Trump’s crypto policy and its implications for capital inflows and political positioning. He stated that President Donald Trump recognized early that public support for cryptocurrency could attract financial backing and political support within Republican networks.
You’ve got to give credit where it’s due — Donald Trump has been generally good for crypto.
He’s got sharp political instincts.
He saw early that championing crypto would bring capital into his campaign and into the Republican ecosystem, and it worked.
He’s also picked some… pic.twitter.com/kqqVso54tC
— Anthony Scaramucci (@Scaramucci) January 25, 2026
Scaramucci also referenced appointments within the Trump administration, including White House Crypto Czar David Sacks, Treasury Secretary Scott Bessent, and SEC Chair Paul Atkins. He said these selections contributed to a regulatory environment he viewed as more favorable to the crypto industry than what he expected under Joe Biden or Kamala Harris.
Criticism of Political and Market Disruptions
Scaramucci also identified actions he said created challenges for the sector. He cited the rollout of meme coins ahead of the inauguration as a development that complicated regulatory efforts and strained bipartisan support. TD Cowen had previously warned that Trump family crypto ventures, including the Official Trump token and the USD1 stablecoin, could slow progress on cryptocurrency market structure legislation.
He also recalled earlier comments from 2024, when he compared political choices on crypto policy to selecting options at a buffet, noting that policy outcomes often come as a package rather than individual selections. Despite criticizing Biden-era regulatory approaches under SEC Chair Gary Gensler, Scaramucci previously supported Kamala Harris’s crypto-focused campaign initiatives.
Market Volatility Under Trump Crypto Policy
As 2025 ended, Trump’s crypto policy did not prevent big market losses. The digital asset market saw about $1 trillion in value erased in the final months of the year, even after Bitcoin reached an all-time high of above $126,000 in October.
The rally reversed days later following Trump’s announcement of 100% tariffs on China, which led to $19 billion in liquidations within 24 hours. Ethereum declined about 40% over the following month, while a Trump-affiliated crypto company experienced similar losses in December.
After returning to the office, Trump issued an executive order repealing prior crypto restrictions and establishing a presidential working group on digital assets, placing cryptocurrency within U.S. policy discussions on innovation and economic development.
Related: Will US Crypto Policies Cause a Financial Crisis? The ECB Thinks So
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