Anthony Scaramucci, founder of SkyBridge Capital, has called on former President Donald Trump to abandon his cryptocurrency ventures, arguing that they hinder crucial legislative efforts in the industry. Speaking at the 2026 Semafor World Economy summit in Washington, D.C., Scaramucci specifically targeted Trump's memecoin, which has plummeted in value by 96-97%. He stated, "If you're in opposition to the president and he's launching meme coins, that's going to hurt our ability to get the legislation done that's important for the industry." While Scaramucci maintains a preference for Trump's administration over President Joe Biden's regarding cryptocurrency policies, he remains critical of Trump's broader economic and foreign policies. He has previously acknowledged Trump's foresight in recognizing cryptocurrency's potential but has also urged Republicans to distance themselves from the former president due to his declining popularity. Scaramucci's concerns extend to the potential derailment of significant legislation, such as the cryptocurrency market structure bill, due to Trump's ventures.