Anthony Scaramucci attributed the rise in Bitcoin to growing investor interest and progress on bipartisan stablecoin regulation in the U.S.
Scaramucci believes that stablecoin legislation will put crypto on a stronger legal footing, attracting institutional investors and stabilizing the broader crypto market.
He stated that stablecoins serve as a financial bridge, benefiting crypto adoption and U.S. economic influence by cutting cross-border transaction costs and assisting unbanked populations.
Scaramucci backs Circle in the stablecoin space and praised CEO Jeremy Allaire and the team for their strong track record in regulatory compliance, positioning them well for the future of stable digital currencies.