Crypto Industry Could See Favorable Regulation After US Election

Mike Novogratz, CEO of Galaxy Digital, has shared his outlook on the cryptocurrency industry following the upcoming US elections.

In an interview with Bankless, Novogratz predicted that regardless of the election’s outcome, the crypto sector is likely to benefit from more supportive regulations and a reduction in aggressive enforcement tactics.

He expects that a market structure bill will pass post-election, leading to changes at the Office of the Comptroller of the Currency (OCC).

Novogratz believes that the stringent regulatory actions currently impacting the crypto space will diminish, paving the way for increased trading and heightened competition as new players enter the market.

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Novogratz views the potential involvement of major financial institutions as a positive development, which he believes will drive growth and bring more energy to the sector.

Alexander Stefanov