SkyBridge Capital founder Anthony Scaramucci is crediting a massive surge in industry campaign funding for a sudden shift in legislative urgency, as Senate Majority Leader Chuck Schumer reportedly intensifies efforts to pass a comprehensive crypto market structure bill called the CLARITY Act.
The $193 Million Catalyst
The sudden acceleration of the crypto market structure bill follows a closed-door meeting on Wednesday where Schumer reportedly urged Senate Democrats to get the legislation “over the finish line.”
The urgency is directly linked to an announcement by the crypto PAC (Political Action Committee) Fairshake, which has amassed a $193 million war chest for the 2026 midterms.
Scaramucci highlighted the correlation on X, simply noting, “Money talks.” With the PAC signaling it will aggressively target candidates in the upcoming election cycle, Schumer’s shift is seen as a strategic pivot to prevent a massive exodus of industry donors toward Republican rivals.
Money talks https://t.co/9jrbzMvTqT
— Anthony Scaramucci (@Scaramucci) Full story available on Benzinga.com
