The US 2024 presidential election and the Securities and Exchange Commission's (SEC) approval of a spot bitcoin ETF are just two events causing quite a stir in corporate and political circles. SkyBridge Founder and Managing Partner Anthony Scaramucci joins Yahoo Finance's Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to gauge the temperature on crypto regulation by federal regulators and the likelihood of another US presidency under Donald Trump.
"Anytime you get people that think like Mr. Trump, you get a lot of cronyism at the top," Scaramucci says, who had a brief tenure as the White House Director of Communications under the Trump administration in 2017. "So, short-term that is the perception, he would help business. But, long-term, if he destabilizes the predictability of our legal system, the cost of capital in the United States and globally is going to go up a lot."
In the crypto arena, Scaramucci believes regulation has been "overly politicized" by select US lawmakers and officials, including SEC Chair Gary Gensler: "The point is, if they calmed down and really studied the technology, they'd be running toward the technology and not away from it."
It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance