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Anthony Scaramucci Compares Memcoins to the Porn Industry

Anthony Scaramucci Compares Memcoins to the Porn Industry

HappyCoinNewsHappyCoinNews2025/02/05 02:55
By:HappyCoinNews

SkyBridge Capital founder and former White House communications director Anthony Scaramucci compared memecoins to the porn industry.

In his opinion, in the 90s it was the adult industry that first adapted the Internet, forcing telecommunications companies to expand network capacity to download videos.

He noted that sometimes it’s the nefarious activity within a new technology that propels it toward widespread adoption. In cryptocurrency, gambling and memecoins play this role. Scaramucci acknowledged that they help test blockchain infrastructure and pave the way for more serious applications.

The expert added that the US will adopt pro-cryptocurrency legislation by November 2025. In this regard, he believes, congressmen will seek to secure support from the crypto industry before the elections.

Scaramucci emphasized that the US President has been pursuing an inconsistent policy towards the markets, and the largest influx of new users in cryptocurrencies in history occurred thanks to the launch of the TRUMP memcoin.

However, this could increase regulatory pressure on the industry and worsen the situation for emerging startups offering new solutions in the field of digital assets and blockchain technologies.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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