Trump’s Plan To Buy 500,000 Bitcoin Will Pass US Senate, Claims Scaramucci

Anthony Scaramucci, founder of SkyBridge Capital and author of the upcoming The Little Book of Bitcoin, has voiced his belief that a sizable government purchase of Bitcoin—potentially as much as 500,000 BTC—will advance through the US Senate. Speaking on the Bankless podcast with host Ryan Sean Adams, Scaramucci suggested that top lawmakers are aligning to introduce a strategic Bitcoin reserve, despite the apparent risk to the US dollar’s perceived backing.

Will Trump Buy Bitcoin?

Scaramucci, who maintains close ties to several legislators, addressed current Senate sentiment regarding a possible government acquisition of Bitcoin and cited broad support for Senator Cynthia Lummis’ bill. “They’ve got the votes. Hagerty wants it. McCormack wants it,” he stated. In reference to whether he thinks the Senate would approve a plan to enlarge the government’s Bitcoin holdings, he affirmed, “I do think so, yes.”

Although Senator Lummis’ initial proposal included purchasing up to one million BTC, Scaramucci contended that the final arrangement might be different. “This stuff gets horse traded so you’ll probably have 200,000 BTC won’t get sold—they’ll probably buy another 400,000 or 500,000 Bitcoin over the next […],” he remarked, omitting a precise timeline.

He elaborated that Donald Trump will be a significant force behind such a plan: “Trump wants it to happen and he’s got the Senate Banking Committee. Tim Scott wants it to happen—he’s going to be the chair of the Senate Banking Committee.”

One of the most significant takeaways from Scaramucci’s remarks is the potential for bipartisan support, even if notable opponents such as Senator Elizabeth Warren (D-MA) and Senator Sherrod Brown (D-OH) have criticized pro-BTC and crypto measures in the past.

In referencing earlier legislation, Scaramucci pointed out that “a lot of Democrats voted for the SAB 121 Bill,” adding: “If you looked at the dispersion of the vote, it was a bipartisan approval of that bill. And by the way, Ryan, if you were below the age of 60 and a Democrat, you voted for the b

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Author: Jake Simmons

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