"Scaramucci: Crypto Regulations by 2025, Lawmakers Act"

Pro-Crypto Regulations En-Route: Scaramucci's Stance and US Lawmakers' Initiatives

Former White House Communications Director Anthony Scaramucci has expressed his support for pro-crypto regulations, predicting that the US Congress will introduce such measures by November 2025. Scaramucci, who founded Sky Bridge Capital, believes that the crypto industry's significant campaign contributions in the 2024 elections will influence lawmakers' decisions. He suggests that Congress should develop regulations that benefit both the crypto industry and consumers.

Meanwhile, US lawmakers have taken steps to draft crypto regulations. In February 2025, a bipartisan group of lawmakers announced the formation of a working group to develop a comprehensive regulatory framework for digital assets and stablecoins. The group, which includes representatives from the Treasury Department, Justice Department, SEC, and CFTC, aims to submit recommendations within six months.

The working group's establishment comes as the Trump administration evaluates a national Bitcoin reserve. White House Crypto and AI Czar David Sacks has indicated that the internal working group will consider the creation of a crypto stockpile as one of its first initiatives.

In addition to the working group, the SEC has launched a new crypto task force to clarify the regulatory framework for digital assets. The task force, led by Commissioner Hester Peirce, aims to redefine how cryptocurrencies are classified and foster innovation while ensuring regulatory compliance. The task force seeks to engage with crypto stakeholders to gather insights that will shape future regulations.

Coinbase, a leading cryptocurrency exchange, has been advocating for fair crypto regulations. Paul Grewal, Coinbase's Chief Legal Officer, is set to testify before Congress against Operation Choke Point 2.0, promoting fair regulations for crypto in a pivotal congressional inquiry. Coinbase has been at the forefront of the fight against regulatory overreach, pushing for clear and consistent crypto banking policies.

The ongoing efforts by lawmakers, regulators, and industry leaders suggest a shift towards more collaborative and inclusive crypto regulations in the United States. As the crypto industry continues to grow and gain influence, it is likely that these initiatives will shape the future of digital assets in the country.