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.
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.
Switzerland is gearing up to begin automatic crypto asset data sharing with over 70 countries, including all EU member states and the UK, as part of a broader push toward international tax transparency.
As the European Union prepares for its next phase of crypto oversight, regulators are turning their attention to decentralized finance (DeFi)—without a clear definition of what decentralization actually means.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
In a surprising shift, Russia has shelved plans to widen its crackdown on crypto mining, choosing economic stability over stricter energy controls.