Anthony Scaramucci Has Alternated Between Supporting President Donald Trump's Pro-Cryptocurrency Pivot and Warning of the Potential Pitfalls

Scaramucci, who served as the White House Communications Director for a brief 11-day stint during Trump's previous presidency, has evolved into a vocal critic of the president

Anthony Scaramucci, a preferred cryptocurrency ally and founder of investment firm SkyBridge Capital, has been open in both supporting President Donald Trump's pro-cryptocurrency pivot and warning of the potential pitfalls of some of his decisions.

What Happened: Scaramucci, who served as the White House Communications Director for a brief 11-day stint during Trump’s previous presidency, has emerged as a vocal critic of the president on matters such as tariffs and economic growth.

But the role of Trump as a cryptocurrency champion has earned him the respect of Scaramucci. At the peak of the presidential campaign last year, Scaramucci praised Trump for moving the needle on digital asset regulation and forcing a bipartisan conversation.

"I will applaud him for coming towards the industry," Scaramucci said about Trump.

Scaramucci has maintained that he is not a single-issue voter, and while he respects Trump and the Republicans’ efforts to push Bitcoin BTC/USD to the forefront, he is aware of the risks associated with Trump’s presidency.

"Just to be clear: I am a bitcoiner and I applaud the policies decisions that the republicans are making to help the industry. I agree with every single thing that Pres Trump said related to bitcoin. Moreover, I praised him from the stage yesterday on forcing the issue and rolling up his sleeves to get it done. #trump #bitcoin," he said in a post.

Later, when Trump assumed office and delivered on the promise of establishing a Strategic Bitcoin Reserve, the former White House executive lauded the decision, saying it would be beneficial for the U.S.

"We believe in a United States Strategic #Bitcoin Reserve not because it will help Bitcoin, but because it will help the United States. We need to be putting the country's interest first and President Trump is doing that. This administration has union members in mind, they are focused on economic growth and they are rolling up their sleeves to get to work." Scaramucci stated.

Scaramucci also described the administration's plans to buy Bitcoin through revenue-neutral means rather than relying on taxpayer funds as a pragmatic and politically savvy move.

The former Trump aide acknowledged that the current administration has "smarter" people involved in formulating cryptocurrency regulation

"I think that the administration is formulating cryptocurrency regulation smartly. They are focused on economic growth and they have the best legal and economic minds in the country working on this. I am not surprised to see the administration pivoting towards crypto in a way that will benefit the country and I am rolling up my sleeves to help in any way that I can."

However, Scaramucci has been unsparing in his criticism.

He slammed the launch of the Official Trump TRUMP/USD meme coin as "Idi Amin-level corruption" and a potential "mirage" for the cryptocurrency industry's hopes.

"This is Idi Amin-level corruption. Plus, it's a mirage for the crypto industry's hopes. We're not going back to the glory days of the Reagan administration. We're going in a new direction, and it's up to all of us to decide if that's a good thing or not," he stated.

More recently, Scaramucci described Trump’s post, where the POTUS called his memecoin the “greatest of them all,” a “pump” attempt. “The jig is up,” he added.

President Trump posted on Truth Social last night in an attempt to "pump" his $TRUMP memecoin (yes that's a real sentence that many have normalized). The result has been an acceleration of the "dump," now down 70% from its peak. The jig is up. pic.twitter.com/YF8U3D6tums

Moreover, he joined Peter Schiff in questioning Trump's posts from his Truth Social account announcing a strategic cryptocurrency reserve. The timing of the posts had stoked suspicions of market manipulation and insider trading in some circles.

"I wish President Trump would stop trying to "pump" memecoins. It's not a good look and it's certainly not presidential. Maybe he should stick to what he's good at: making America great again. As for me, I'm out of here. I've had enough of this political circus. I'm going to go eat some pizza and watch a movie. Or maybe I'll play some video games. Whatever I do, I'm sure it will be more productive than anything that's happening in Washington. Sadly, I prefer to spend my time thinking about how to create value in the private markets rather than commenting on political topics. I wish you all well. Take care and may God bless the United States of America."

One could argue that Scaramucci offers a nuanced perspective that avoids one-sided cheerleading or criticism. He declined Benzinga’s request for comment due to his travel commitments.

Scaramucci previously disclosed