Scaramucci Says Trump Memecoin Push Undercut CLARITY Act

SkyBridge Capital founder Anthony Scaramucci argued that political and personal business entanglements around President Donald Trump helped stall the momentum behind the CLARITY Act—pointing specifically to memecoin activity that, in his view, weakened Democratic support for broader crypto regulation. Speaking to Cointelegraph at SALT London, Scaramucci said memecoin launches shortly before Trump ’s January 2025 inauguration undermined efforts to build bipartisan consensus after the 2024 election. He described the memecoin issue as the “singular reason” the bill failed to advance, while also noting that disagreements over ethics provisions were central to the breakdown.

Source: Crypto Breaking News