Anthony Scaramucci Slams 'Banking Lobby' for 'Last Minute Effort to Stall Things' as Crypto Act Comes Und

SkyBridge Capital founder Anthony Scaramucci criticized the "banking lobby" on Tuesday for employing tactics aimed at delaying the CLARITY Act.

'Expose the Ciphers' Scaramucci responded to a Wall Street Journal editorial titled, "Clarity for Crypto, Sort Of," which deemed the legislation a policy landmine riddled with "regulatory loopholes." The piece flagged concerns over rules allowing cryptocurrency companies to offer rewards on stablecoin holdings, adding that such measures could pose risks to banking institutions, particularly small banks.

Scaramucci, a vocal advocate of the legislation, slammed the banking lobby for launching a "last-minute effort to stall things." "Expose them.

And expose the ciphers working against progress.

Free the system from this nonsense," the Bitcoin (CRYPTO: BTC) bull added.