Scaramucci "Banking Sector Obstructed Until Just Before Bill Vote" Strongly Criticizes

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SkyBridge Capital founder Anthony Scaramucci sharply criticized the banking sector's last-minute efforts to block the U.S. cryptocurrency market structure bill. The bill's chances of passing in 2026 have dropped to 23%.

According to Benzinga on August 5 (local time), Scaramucci refuted a Wall Street Journal editorial that criticized the U.S. cryptocurrency market structure bill. The editorial claimed that the bill had regulatory loopholes and that stablecoin rewards paid by crypto companies could threaten small and medium-sized banks.

Scaramucci pointed out that the banking sector has embarked on “a last-ditch effort to delay the bill.” He stated, “Expose them. Expose those who are hindering progress. We must liberate the financial system from this absurd situation.”

Stablecoin rewards are the most sharply contested issue between the crypto industry and traditional banking. Crypto industry executives argue that the future of the U.S. digital asset market should be decided by Congress, not by financial companies.

Scaramucci criticized both Democrats and Republicans for failing to achieve bipartisan consensus on the bill. He claimed that Republicans are blaming Democrats and deliberately delaying Senate review to secure political donations. He warned Democrats that opposing the bill could be detrimental in the November elections.

With the U.S. Senate entering recess at the end of this week, if the bill is not passed, the next possible voting time is September. If the September vote also fails, it is highly likely that the process will be pushed back until after the midterm elections. Polymarket reflected a 23% chance of the U.S. cryptocurrency market structure bill being enacted into law by 2026.

[Article Key Summary]

-Scaramucci criticized the banking sector for its last-minute attempts to block the U.S. cryptocurrency market structure bill.

-The conflict between the crypto industry and traditional banking is escalating over whether to allow stablecoin rewards.

-If the bill does not pass the Senate in September, its processing could be delayed until after the midterm elections, and the possibility of it becoming law by 2026 is reflected at 23%.

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