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Scaramucci: CLARITY Act Crypto Ban Falls Short on Ethics
SkyBridge Capital's Anthony Scaramucci says the CLARITY Act's ban on officials sponsoring crypto is too narrow. He wants the same ethics standard applied to insider trading in all markets.
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Anthony Scaramucci says the CLARITY Act's new ban on federal officials sponsoring crypto doesn't go far enough. The SkyBridge Capital founder argues the same ethics logic should extend to insider trading across the board, not just digital assets.
"If you can't sponsor a crypto bill because you hold the token, you also shouldn't trade stocks on non-public information," Scaramucci said. The bill, introduced in the House last week, prohibits members of Congress and executive branch officials from sponsoring or promoting specific digital asset legislation if they or their immediate family hold the asset in question.