SkyBridge Capital, the Fund Founded by the Former White House Communications Director, Applied to the US SEC to Seek Investment in Digital Assets
Rhythm BlockBeats news, according to the application documents submitted by the well-known American hedge fund SkyBridge Capital to the US Securities and Exchange Commission (SEC), the agency is forming an investment fund that may seek to invest in digital assets, That is, taking a long or short position in a digital asset.
In the file, SkyBridge Capital explained its definition of digital assets: "Digital assets, also known as virtual currencies, cryptocurrencies or tokens, are assets issued or transferred using innovative technologies such as distributed ledgers or blockchain technology, including but not limited to Bitcoin...the digital asset has no intrinsic value other than as a means of exchange, and is not based on tangible goods, securities, contractual rights, or legal obligations...the value of an investment in a digital asset can rapidly decline, even to zero."< /p>
According to Rhythm, Anthony Scaramucci, the founder of SkyBridge Capital, is the former communications director of the White House. However, due to four consecutive scandals, he was fired by Trump just 10 days after he took office. Back in January 2017, HNA Group announced the acquisition of the fund. However, after HNA Group announced the transaction, SkyBridge Capital continued to lose customers. As of the end of February 2018, SkyBridge Capital’s assets under management were about 10 billion US dollars. May 2018, HNA Group announced that due to the US government's review issues, HNA has given up its investment plan for SkyBridge Capital. Subsequently, Anthony Scaramucci returned to SkyBridge Capital to oversee the progress of the joint venture with HNA.
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