Trump Crypto Businesses Create 'Pathways' for Corruption, Says Anthony Scaramucci
Anthony Scaramucci, former White House Communications Director, criticized President Donald Trump's involvement in cryptocurrency, claiming it creates potential pathways for corruption. Speaking at the Financial Times Digital Asset Summit, Scaramucci stated that the Trump family's crypto activities distract from bipartisan consensus on the issue. He graded the Trump administration's crypto handling as “B-plus, A-minus,” praising efforts to engage Democratic lawmakers on a U.S. strategic Bitcoin reserve. Concerns have arisen among Democrats regarding Trump's gala dinner for TRUMP meme coin holders, perceived as “pay to play” corruption. Senator Elizabeth Warren and Representative Adam Schiff expressed worries about potential corruption linked to the USD1 stablecoin from World Liberty Financial, co-founded by Trump’s son Eric. House Democrats, led by Rep. Maxine Waters, have obstructed digital asset legislation, citing Trump's actions as excessively self-serving.
