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Seeking Alpha 2021-07-07 14:31:54

Anthony Scaramucci: China's DiDi move a 'direct assault on global capitalism'; Bitcoin crackdown a long-term positive for the cryptocurrency

Chip Somodevilla/Getty Images News Anthony Scaramucci, founder of SkyBridge Capital and a former White House staffer, said Wednesday that China's recent regulatory crackdown on companies like DiDi (DIDI) represented a "direct assault on global capitalism." Speaking to CNBC, Scaramucci also called China's closure of Bitcoin (BTC-USD) mining operations in the country a long-term positive for the cryptocurrency, since it opened the door to new mining operations in more eco-friendly locations. On the regulatory probe launched against ride-hailing service DiDi, the SkyBridge Capital founder deemed the move "a form of political terrorism." However, Scaramucci also saw the crackdown as "very good news for the United States." He argued that the lack of a clear and fair regulatory structure in China signaled that it will be difficult for the country to catch up with the U.S. Still, Scaramucci predicted that companies will continue to seek to operate in China, thanks to the

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