SkyBridge Capital founder Anthony Scaramucci blames Trump’s crypto business interests and memecoin launches for derailing the CLARITY Act, saying they cost the bill Democratic support. He says the memecoin launches shortly before Trump’s January 2025 inauguration undermined bipartisan momentum, while disputes over ethics restrictions also stalled talks, with both sides responsible. The Senate’s procedural motion on Sept. 15 received 49 votes in favor and 50 against, short of the 60 required. Public Citizen estimated investors incurred at least $4.7 billion in largely unrealized losses across Trump-related crypto ventures, including $3.2 billion tied to the Official Trump (TRUMP) memecoin. Scaramucci also said the SEC under Chair Paul Atkins could help tokenization reach “escape velocity,” though it is too early to know whether that happens before the next administration.
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cryptobitcoinDonald Trumpregulationmemecoins
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/04/2026 | 80,504.01 |
| Change that session | +3.94% |
TRUMP/USDT
▼ Likely negativeOfficial Trump
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Meme |
| Market cap | $450.1M |
| Close on 11/04/2026 | 1.27000 |
| Change that session | -19.92% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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