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Anthony Scaramucci, founder of SkyBridge Capital, called for President Donald Trump to abandon his cryptocurrency ventures, arguing they undermine efforts to pass essential legislation.

Speaking at the 2026 Semafor World Economy summit in Washington, D.C., Scaramucci specifically criticized the Official Trump memecoin, which has lost nearly all its value since peak levels.

“If you’re in opposition to the president and he’s launching meme coins, which are now down 96-97% right now, that’s going to hurt our ability to get the legislation done that’s important for the industry,” the Bitcoin bull said.

Don’t…