Anthony Scaramucci, the founder of SkyBridge Capital and a former White house communications director, has stated that politicians in the United States are likely to enact cryptocurrency legislation before the 2026 midterm elections. He predicts that members of Congress up for reelection will attempt to identify with the rising crypto sector in order to avoid industry resistance.
In a recent interview, Scaramucci claimed that congressmen and senators, particularly those in competitive districts, will most likely advocate for “pro-crypto legislation” to appeal to voters and business stakeholders. He predicted a significant acceleration of the legislative process before Congress adjourns for the holidays, potentially leading to the appearance of a law as early as November.
“You’ll probably see it by November, ahead of the recess,” the politician said. “If not, it won’t be much later than that.”
Scaramucci also commented on the role of political action committees (PACs) in molding the future of cryptocurrency rules. He noted that industry-backed PACs, such as Fairshake, which made significant investments in the 2024 elections, will continue to play an important role in the 2026 race
Meanwhile, conversations over crypto regulation continue in Congress. The Financial Innovation and Technology for the 21st Century Act (FIT21) was passed by the House of Representatives in 2024, but it was never voted on in the Senate. It is unclear whether lawmakers will revive the issue in forthcoming legislative sessions.
Aside from regulatory concerns, Scaramucci attacked Donald Trump’s recent entry into cryptocurrency with the introduction of a memecoin. He called the effort “bad for the industry,” likening it to earlier crypto scams that harmed public trust. However, he noted that the TRUMP coin’s high trade volume highlighted the efficacy of blockchain networks like Solana, which may have ramifications for asset tokenization in traditional finance.
“If we’re really moving toward tokenization, stress-testing these systems with memecoins can provide valuable insights,” he told me. “I don’t like it, but it does have some positive aspects.”
As regulatory debates continue, the crypto industry will closely monitor politicians’ future steps, especially given the possibility of legislation by the end of the year.
