Gary Gensler, Elizabeth Warren want to block crypto innovation: Anthony Scaramucci

by Davis Quinton, Frank Chaparro, and Stephanie Murray

Policy • April 24, 2023, 9:27AM EDT

Quick Take

Anthony Scaramucci said Senator Elizabeth Warren and SEC Commissioner Gary Gensler are working together to stifle crypto’s progress and innovation in the U.S.

Episode 39 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Stephanie Murray, and SkyBridge founder and managing partner Anthony Scaramucci.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Anthony Scaramucci is the founder and managing partner of SkyBridge Capital, an alternative asset manager with more than $2.2 billion in AUM, including $800 million in digital asset-related investments.

In this episode, Scaramucci explains how Elizabeth Warren's 2020 endorsement of Joe Biden positioned her as "de facto president for financial services and banking," and why he believes her "sidekick," SEC Chair Gary Gensler, is an "ambitious, single-minded politician, not focused on serving the people."

SkyBridge and FTX

FTX took a 30% stake in SkyBridge just two months before the exchange declared bankruptcy. Scaramucci has expressed interest in repurchasing FTX's stake in SkyBridge, as well as skepticism regarding the possibility of an FTX reboot later this year.

During this episode, Chaparro, Murray and Scaramucci also discuss:

Regulation outside the U.S.
Crypto's bipartisan support
The global decline of the U.S. dollar

This episode is brought to you by our sponsors Circle and CleanSpark.

About Circle

Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit circle.com/Scoop to learn more.

About CleanSpark

CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.

Frank Chaparro is the Editor At Large at The Block. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. He runs his own podcast The Scoop and writes a biweekly eponymous newsletter. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected].

Stephanie is a senior reporter covering policy and regulation. She is focused on legislation, regulatory agencies, lobbying and money in politics. Stephanie is based in Washington, D.C.