Host (3:25)

We were just talking to Jack about stablecoin legislation. Stablecoin legislation was really a bipartisan issue. Now becoming something that's looking a little bit more partisan. Democrats are saying, you know, they question President Trump's involvement in crypto projects and stablecoins. Curious to hear your thoughts there.

Anthony Scaramucci (3:44)

Well, I think it's still going to get done. I'll make a prediction on your air that that legislation gets passed before the August recess.

Co-Host (3:51)

Oh, that's a bold prediction.

Anthony Scaramucci (3:53)

Yeah, it's aggressive, but I think it's necessary for everybody because if you step back, I don't think the Democrats want to deal with Fair Shake, the political action committee that ousted lots of Democrats in 2024. And I don't think the Democrats have found an anti crypto voter. There are pro crypto and in some cases single issue crypto voters, but there's very few anti crypto voters. So I don't think the Democrats want to be on the wrong side of the stablecoin bill. Are they protesting right now? Because some of the things that Donald, President Trump is doing, you know, I mean, I don't like it. I can understand why they don't like it. Two or three days before you're getting reinaugurated to the presidency, if you're launching a mean coin. Let's just go over this quickly.

Co-Host (4:37)

Yeah.

Anthony Scaramucci (4:38)

58 wallets, 10 million a piece they get. They make over a half a billion dollars. 794,000 people lose $1.1 billion on the coin. It's not right, guys, okay? And so they can justify it any way they want.

Co-Host (4:52)

But last night, the New York Times released that article showing a company with ties to China has said that they are going to invest $300 million into Bitcoin and Trump's meme coin. And so this is raising questions about buying influence to the presidency in public office. Your thoughts?

Anthony Scaramucci (5:17)

If you buy enough Trump Meme coin, you can have dinner with the President and get a tour of the White House. So to me, it's too conjoined, I think. I think you're over the line of what is right. Remember, there's a spirit of the law and then there's the letter of the law. Even if he's inside the letter of the law, he's outside of what the spirit of the law is. And I think it hurts the country. I think it makes us look bad so he can defend it any way he wants. It's not right, by the way. Don't go by me. Ask Laura Loomer and ask people like Ben Shapiro. You know, they're Trump supporters. I'm no longer a Trump supporter. They are dead set against some of the stuff that he's doing, which is in a direct violation of the emoluments clause in the U.S. constitution.

Co-Host (6:02)

Is this grounds for impeachment?

Anthony Scaramucci (6:07)

Grounds for impeachment? I'm not sure. I mean, I hope the country doesn't go down that road again. I mean, the only way I would if Donald Trump was going to get impeached, there'd have to be something even more egregious than what we're talking about right now. But you would have to get the Republicans on side with the Democrats. I don't, I don't think impeaching them again and having a partisan vote in the House and then a partisan vote in the Senate is the answer to America's dysfunctionality. I wouldn't recommend it.

Host (6:38)

I want to turn now to skybridge Capital. Have you adjusted any of your investment strategies based on Trump's more crypto friendly policies?

Anthony Scaramucci (6:47)

No, no, not really. You know, we sort of same as we've always been. You know, I was on this desk in Davos three years ago. We're getting demolished because, you know, we retired to Sam Bankman Fried and bitcoin was at 16,000. Bitcoin, I think, is what, ladies? Where is it now? 100, 300,000. Yeah. So, you know, listen, I mean, we stayed long, every one of those positions, and so we're five to one from that bottom. I'm not allowed to talk about our performance, but I'll just say this. We've got 35% of our business is tied to digital assets. And so if you just take a look at what digital assets have done over the last two years. We've done very well. But listen, I've been humbled by markets and I've been humbled by life. So I'm not here bragging. I'm just saying we're doing well right now.

Co-Host (7:33)

Buy the ticket. It's going to be a roller coaster.

Anthony Scaramucci (7:37)

Exactly.

Co-Host (7:37)

And you've got the exact.

Anthony Scaramucci (7:39)

I don't even know if I reached the height requirement for the roller coaster that my life has been, but I'm doing the best I can.

Co-Host (7:44)

I also want to ask you about the terror tariffs because that has been a roller coaster ride for the crypto markets, for the stock markets. What do you make of the. The game that.

Anthony Scaramucci (7:55)

That it's misguided policy. President Trump's wanted to do that for 40 years. He's got a group of willing sycophants that are willing to implement the policy alongside of him. It doesn't work. The market and the bond market, equity market, bond market told you that those policies don't work. And so he had to walk back those policies. And so they're even the tariffs right now.

Co-Host (8:18)

But was that his plan all along?

Anthony Scaramucci (8:20)

I'm sorry?

Co-Host (8:20)

Was that his plan all along?

Anthony Scaramucci (8:22)

No. Come on. You know, that was incredibly high.

Host (8:26)

Let me give you a new story. And people who sit at this desk say that that was his plan all along.

Anthony Scaramucci (8:29)

That was his plan all along. He's playing 19d chess. Okay. He's not. Okay. He's eating. He's sitting in the corner eating the chess pieces. He's not playing 19 teeth chess. Okay, okay. And so, and so, you know, the plan is not the right plan for America and it's not the right plan for the integrated global economy. If you want to make the trading system fairer, there were a lot of different ways to go about it that would have been better for the country.

Host (8:55)

All right?

Anthony Scaramucci (8:55)

You didn't need this level of volatility and chaos.

Host (8:59)

I guess that's true. I have a mental image now of those chess pieces being eaten in the corner.

Anthony Scaramucci (9:04)

They look like McDonald's french fries, but they're like shaped in chess pieces. Just to give you the full visual.

Host (9:10)

Just before we let you go, Anthony, I know you have to go in just a minute, but you keep coming back to Consensys. You keep sitting at this desk with us. What is it that keeps bringing you back?

Anthony Scaramucci (9:19)

Thank you, guys. Look, listen, I'm a long time crypto investor now. You know, this is my sixth year in the business. Bought the, you know, I bought my First Bitcoin in October 2020. We own a lot of Solana. We own a lot of Avalanche and some other assets. Casper, et cetera. And so hopefully you'll continue to. Tell you what, if you continue to invite me back, I'll keep coming back.

Host (9:46)

Fair? I think that's a deal. And we'll have a massage chair for you. Ready?

Anthony Scaramucci (9:49)

Thank you. Yeah. That was great. Big shout out to the massage team here at Consensus.

Host (9:54)

Anthony, thanks very much.

Co-Host (9:56)

It.