SkyBridge Capital founder Anthony Scaramucci is not happy with how the CLARITY Act is moving through the Senate, and he's pointing fingers at Republicans.
In a Sunday post on X, Scaramucci accused the GOP of intentionally holding up the cryptocurrency legislation so they can later blame Democrats for its failure and then hit up the crypto industry for donations ahead of the fall midterms.
"So it now feels like the Republicans don't want the Clarity Act to pass so that they can blame the Democrats for not passing it and then seek donations from the crypto industry in the Fall," the Bitcoin (CRYPTO: BTC) bull alleged.
Scaramucci, who briefly served as White House Communications Director under President Donald Trump, urged lawmakers to bring the bill to the floor to see "who actually is supporting it and who doesn't." He also called on the crypto industry to withhold any funding unless Republicans put the bill up for a vote.
The frustration stems from what Scaramucci sees as a partisan standoff: Democrats are unwilling to hand Trump a legislative win, while Republicans are stalling to squeeze campaign cash from the crypto sector before the midterms.
Lummis Fires Back
Sen. Cynthia Lummis (R-Wyo.), one of the most vocal champions of the legislation in the upper chamber, responded directly to Scaramucci's criticism. She said she "understands the frustration," but insisted Republicans are doing everything they can to get the bill to the floor and pass it.
"We are ready and willing to get this across the finish line," Lummis added.
MarketDash also reached out to other prominent GOP lawmakers, including Senate Banking Committee Chair Sen. Tim Scott (R-S.C.), for comment.
What's at Stake
The CLARITY Act aims to establish clearer rules dividing digital asset oversight between the CFTC and SEC. Scaramucci has been critical of both parties for failing to reach a bipartisan compromise on the vital legislation.
The financier said Democrats will block the bill out of "dislike" for Trump rather than on its merits. He warned that if Democrats stand in the way, they'll regret it during the November midterms.
Time is running short. The Senate heads into recess on Aug. 7. If the bill doesn't clear before then, September becomes the next realistic window, and a failed September vote likely pushes it past the midterms entirely.
Polymarket currently prices the odds of the bill becoming law in 2026 at 31%.
Image via Shutterstock/ Al Teich
