Former White House Communications Director Anthony Scaramucci has raised concerns that President Donald Trump’s growing involvement in cryptocurrency could create ‘pathways for some level of corruption.’
His comments come as new data shows that 58 crypto wallets have made millions on Trump’s meme coin while 764,000 have lost money.
Corruption and Executive Order Critique
Speaking at the Financial Times Digital Asset Summit, Scaramucci criticized Trump’s growing presence in the crypto world, which includes projects like the TRUMP meme coin and World Liberty Financial.
He argued that these ventures serve as distractions at a time when bipartisan consensus on crypto regulation is needed. “Let’s give them all the benefit of the doubt,” Scaramucci said. “But I do think that there’s pathways for some level of corruption, potential bribery and sinistership.”
The SkyBridge Capital founder added that eliminating such distractions could help build trust in crypto among olde
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