When Will US Laws Come That Will Bring Much Relief To The Cryptocurrency World? Millionaire Scaramucci Responds
The post When Will US Laws Come That Will Bring Much Relief To The Cryptocurrency World? Millionaire Scaramucci Responds appeared on BitcoinEthereumNews.com.
Long-awaited regulatory clarity for U.S. cryptocurrency investors is expected to arrive by November, or March 2026 at the latest, according to an influential figure. While the Trump administration will play a role in shaping the new rules, Democrats could surprisingly be another key player in this development. That was the message hedge fund manager and longtime crypto investor Anthony Scaramucci delivered during a panel discussion at the Digital Assets Forum in London on Monday. Scaramucci underlined the growing influence of the crypto industry in U.S. politics, pointing to the more than $133 million raised in campaign contributions during the 2024 election cycle. Despite optimism about regulatory progress under the Trump administration, Scaramucci warned that crypto investors should prepare for the full spectrum of the former president’s economic policies, including the unexpected. Scaramucci’s comments come as the Trump administration has shaken markets with its decision to impose a 25% import tariff, particularly on Canada and Mexico. The move triggered a sell-off today and rattled investors across a variety of sectors, including crypto. Key regulatory priorities for the sector include stablecoin legislation and a law defining cryptocurrencies as a separate asset class, distinct from traditional securities like stocks and bonds. Such measures would help ease concerns among institutional investors who have been wary of pushing their clients into crypto amid uncertain regulations. Scaramucci suggested that Trump’s cabinet is well-positioned to help pass favorable crypto regulations. Notably, Trump’s Commerce Secretary nominee Howard Lutnick is a supporter of Tether, while Treasury Secretary Scott Bessent previously invested in BlackRock’s Bitcoin ETF. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/when-will-us-laws-come-that-will-bring-much-relief-to-the-cryptocurrency-world-millionaire-scaramucci-responds/
Filed under: News - @ February 4, 2025 3:06 am