Scaramucci disapproves of Trump promoting his own cryptocurrency, but supports the President’s…

the Official Trump TRUMP/USD meme coin as “Idi Amin-level corruption” and a potential “mirage” for the cryptocurrency industry’s hopes.

More recently, Scaramucci described Trump’s post, where the POTUS called his memecoin the “greatest of them all,” a “pump” attempt. “The jig is up,” he added.

President Trump posted on Truth Social last night in an attempt to “pump” his $TRUMP memecoin (yes that’s a real sentence that many have normalized). The result has been an acceleration of the “dump,” now down 70% from its peak. The jig is up. pic.twitter.com/YF8U3D6tum— Anthony Scaramucci (@Scaramucci) February 1, 2025

Moreover, he joined Peter Schiff in questioning Trump’s posts from his Truth Social account announcing a strategic cryptocurrency reserve. The timing of the posts had stoked suspicions of market manipulation and insider trading in some circles.

One could argue that Scaramucci offers a nuanced perspective that avoids one-sided cheerleading or criticism. He declined Benzinga’s request for comment due to his travel commitments.

Scaramucci previously revealed that a little over 55% of his net wealth is tied up in Bitcoin in addition to having a significant chunk of Solana SOL/USD in his portfolio.

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© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.CommentsClose menuLoading…CryptocurrencyNewsPoliticsMarketsAnthony ScaramucciBitcoinDonald TrumpSolanaAnthony Scaramucci, an influential cryptocurrency advocate and founder of investment firm SkyBridge Capital, has alternated between supporting President Donald Trump’s pro-cryptocurrency pivot and warning of the potential pitfalls of some of his decisions.

What occurred: Scaramucci, who had a brief 11-day stint as the White House Communications Director during Trump’s prior presidency, has transitioned into a vocal critic of the president on topics like tariffs and economic growth.

Nonetheless, Scaramucci has not shied away from acknowledging Trump’s positive steps in the cryptocurrency realm.

During the peak of the last presidential campaign, Scaramucci commended Trump for advancing digital asset regulation and sparking a bipartisan dialogue.

“I will give him credit for moving toward the sector,” Scaramucci expressed about Trump.

Scaramucci has emphasized that he doesn’t base his voting decisions on a single issue and, while recognizing the efforts of Trump and the Republicans in promoting Bitcoin, he remains mindful of the dangers associated with Trump’s tenure.

Just to clarify: I support bitcoin and endorse the Republican policies aimed at aiding the industry. I wholeheartedly agree with everything President Trump has said regarding bitcoin. What’s more, I commended him publicly for bringing attention to the issue yesterday and…— Anthony Scaramucci (@Scaramucci) July 28, 2024

Subsequently, when Trump took office and fulfilled the promise of establishing a Strategic Bitcoin Reserve, the former White House official praised the move, noting its benefits for the U.S.

We advocate for a United States Strategic #Bitcoin Reserve not because it benefits Bitcoin, but because it benefits the United States.— Anthony Scaramucci (@Scaramucci) March 10, 2025

Scaramucci also viewed the government’s intention to purchase Bitcoin without using taxpayer funds as a prudent and politically astute decision.

Acknowledging that the present administration has brighter individuals engaged in crafting cryptocurrency regulations, the former Trump aide demonstrated some degree of positivity.

However, Scaramucci has been uncompromising in his critiques as well.

He criticized the launch of the Official Trump TRUMP/USD meme coin as resembling “Idi Amin-level corruption” and suggested that it could lead to disappointment in the hopes of the cryptocurrency industry.

More recently, Scaramucci labeled Trump’s post on his memecoin as an attempt to “pump” it, emphasizing that the façade had been exposed.

Furthermore, he aligned with Peter Schiff in questioning Trump’s posts from his Truth Social account about a strategic cryptocurrency reserve, as the timing of the posts raised suspicions of market manipulation and insider trading.

One could argue that Scaramucci brings a balanced perspective, steering clear of unwavering praise or criticism. He declined to comment to Benzing