Scaramucci: whole crypto sector pays price for Trump token

According to Anthony Scaramucci, President Donald Trump's memecoin already has concrete consequences for the American crypto sector. The founder of SkyBridge Capital says the token is a major reason why the CLARITY Act has stalled. Thus, a political crypto project would now have a direct impact on legislation for the entire sector.

The official Trump memecoin was launched in early 2025 and almost immediately attracted billions of dollars in trading volume. A large part of the tokens remained in the hands of entities linked to Trump and his environment.

It is precisely this combination of political power and financial interest that has since caused criticism and questions about possible conflicts of interest.

Scaramucci states that this discussion around the Trump memecoin has caused so much resistance that the important CLARITY Act has come to a standstill.

The CLARITY Act should clearly establish which regulator is responsible for different types of digital assets. In particular, the division of powers between the sec and the CFTC plays a central role in this.

According to Scaramucci, many Democratic senators are willing to cooperate on clearer crypto rules. However, according to him, the Trump token has made that process considerably more difficult.

Critics fear that the president and people in his immediate vicinity could benefit financially from a token strongly tied to his political influence. As a result, the discussion about market structure has increasingly turned into a debate about conflicts of interest.

Scaramucci argues that this is precisely what the CLARITY Act has thwarted. Not because there is no support for cryptoregulation, but because the political charge around Trump's own crypto project has become too great.

According to Scaramucci, this is where the biggest problem lies. The broader crypto market has little to do with the Trump memecoin, but will have to deal with the consequences.

Companies have been waiting for years for clarity about the rules in the United States. Without such a framework, it remains uncertain which body supervises and which requirements apply to new products and services.

According to Scaramucci, the Trump token thus ensures that legislation that should have clarified the entire sector is delayed.

He himself is an outspoken supporter of Bitcoin (BTC) and other digital assets. His criticism therefore does not focus on crypto itself, but on the way in which a political project has influenced the legislative process.

The irony is great. According to Scaramucci, a president who profiles himself as pro-crypto has helped to keep one of the most important US crypto laws off the table for the time being with his own memecoin.