Scaramucci’s Shocking Take: Why This 100-Year-Old Law Must Die! 😱

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Anthony Scaramucci, the ever-charismatic founder of SkyBridge Capital, has taken it upon himself to declare war on New York’s Martin Act, a relic of 1921 that he claims is more dangerous than a caffeinated squirrel in a china shop. 🐿️☕

This bold proclamation comes hot on the heels of the New York Attorney General’s $200 million settlement with Galaxy Digital, a saga tied to the spectacular implosion of the LUNA token. Scaramucci, in a fit of X-rated (well, X-platform) frustration, labeled the Martin Act as “dangerously powerful,” a law so broad it could probably prosecute a ham sandwich for being too salty. 🥪

The Martin Act, you see, grants the NYAG the power to sue without proving intent, a feature Scaramucci likens to handing a toddler a flamethrower. 🔥 “It’s lawfare pure and simple,” he declared, adding that the Act’s “low standard of proof” is a recipe for legal chaos. To him, this law is about as useful as a screen door on a submarine. 🚪🚤

“This makes no sense and is completely at odds with the SEC and DOJ which have been pursuing actions against Do Kwon and Terraform,” he posted. “It’s [lawfare] pure and simple due to an obscure but dangerously powerful New York law known as the Martin Act. The law has no need to prove intent, creating a low standard of proof that can open the door for abuse like this. It shouldn’t exist.”

The NYAG’s investigation accused Galaxy Digital of financial misconduct, claiming its marketing of LUNA led to retail investors losing their shirts—and their pants, and probably their socks too. The collapse of LUNA in May 2022 wiped out over $40 billion, a sum so large it could probably buy Scaramucci’s entire wardrobe. 👔💸

Scaramucci, however, insists that Galaxy Digital and its CEO, Michael Novogratz, were merely pawns in a game orchestrated by the real villains: Terraform Labs and its founder, Do Kwon. “Novogratz is a dear friend and one of the smartest investors I know,” he said, defending his pal with the fervor of a man who’s just been told his favorite bar is closing. 🍻

“Everything he ever said about Luna was because he thought it was true based on the deception perpetrated by the real bad actors here, Do Kwon and Terraform Labs.”

Despite Scaramucci’s impassioned defense, social media has been less than kind. Critics argue that Galaxy Digital was “paid” to pump LUNA and reaped massive profits, a claim that makes Scaramucci’s defense sound about as convincing as a politician’s promise. 🗳️🤥

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2025-03-28 20:52