# Scaramucci Calls Trump Memecoin the 'Singular Reason' Bitcoin and Crypto Rules Failed

By Token Post

Canonical URL: https://www.tokenpost.com/news/insights/49492
Published: 2026-11-05T18:48:14.000Z
Updated: 2026-11-05T18:48:14.000Z
Section: Insights & Views

> He said the public loses $4.8 billion while Trump and his family make $700 million, and called the president “a net negative for crypto.”

SkyBridge Capital founder Anthony Scaramucci blamed President Donald Trump’s memecoin for what he described as the failure of Bitcoin and crypto regulation, calling it the “singular reason” as he criticized the president’s role in crypto.

Scaramucci said “the people lose $4.8 billion” while Trump and his family “make $700 million.”

He also called Trump “a net negative for crypto” and said, “You can’t rug pull people as the president of the United States.”