Mike Novogratz, the CEO of Galaxy Digital, has publicly endorsed Hester Peirce as an ideal candidate for the next U.S. SEC Chair, highlighting her ongoing advocacy for clearer, more crypto-friendly regulations.
Peirce, often referred to as “Crypto Mom” for her supportive stance toward the crypto industry, has long been critical of the SEC’s aggressive enforcement tactics under Chairman Gary Gensler.
She has pushed for a more structured regulatory framework that would provide the crypto sector with greater clarity and stability. As Gensler’s tenure nears its end, Novogratz believes Peirce could steer the agency in a direction that promotes innovation while balancing necessary oversight.
Although Peirce has indicated her plans to step down when her term concludes, her potential rise to the SEC chairmanship has generated optimism within the crypto community.
Novogratz envisions her leadership could transform the regulatory environment, facilitating the growth of digital assets and attracting more institutional investment.
With an increasing number of pro-crypto lawmakers gaining influence, he sees a significant opportunity for crypto to thrive in a more supportive regulatory climate. Novogratz believes that this shift could unlock significant market value, creating a fertile environment for innovation and propelling the industry to new heights in the coming years.
Kazakhstan is taking a major step toward integrating digital assets into its national financial strategy, with plans to establish a state-managed crypto-reserve.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.