Trump’s memecoin ventures derailed CLARITY Act, Scaramucci says
The SkyBridge founder said disputes over ethics restrictions also stalled negotiations, with both sides responsible for the setback.
The SkyBridge founder said disputes over ethics restrictions also stalled negotiations, with both sides responsible for the setback.
SkyBridge Capital founder Anthony Scaramucci blamed US President Donald Trump’s crypto business interests and memecoin launches for derailing the CLARITY Act, saying they cost the legislation Democratic support.
Speaking with Cointelegraph at SALT London, Scaramucci said the memecoin launches shortly before Trump’s January 2025 inauguration undermined bipartisan momentum for crypto regulation following the 2024 election.
Scaramucci also pointed to disagreements over proposed ethics restrictions, saying lawmakers sought stronger provisions that the White House opposed.