The crypto space is reacting to a whirlwind of headlines this week, from US lawmakers' proposed regulatory framework to the Securities and Exchange Commission's (SEC) pending decision on an ether ETF. Ethereum (ETH-USD) saw a significant surge on Monday amid this hopeful speculation

Skybridge Capital Founder Anthony Scaramucci joins Catalysts Anchors Seana Smith and Madison Mills to share his thoughts on the pace of effective cryptocurrency regulation and how lawmakers and presidential candidates are positioning themselves around digital assets ahead of the 2024 election.

"There are 85 million people in this country that own crypto in one form or another. There are 65 million dog owners, so you have more crypto owners than you have dog owners," Scaramucci, who also briefly served as the White House Director of Communications in the Trump administration, says. "So, I think the Biden administration is looking at polling data and recognizing that younger people, [the] Hispanic community, [the] African-American community are in crypto. You guys really want to go that hard against crypto, I don't think it makes sense from [an] electoral perspective."

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Luke Carberry Mogan.