Galaxy CEO predicts no changes in crypto regulations until the 2024 election
Galaxy Digital’s CEO foresees a delay in U.S. crypto regulation until post-2024 election s amid the firm’s report of increased Q3 losses. Galaxy Digital Holdings CEO Michael Novogratz voiced skepticism regarding the advancement of cryptocurrency regulations in the U.S. prior to the upcoming 2024 presidential elections. His comments came amid market speculation surrounding the imminent approval of the first U.S.-based Bitcoin exchange-traded fund (ETF) by the SEC. During the company’s earnings call for the third quarter, Novogratz remarked that any new regulatory decisions are unlikely with the election on the horizon, but post- election could see a significant drive in progress, given the cadre of knowledgeable individuals in Washington. You might also like: Bitcoin’s whale-sized moves hint at $37k ascent Novogratz further opined that a pivot in the Federal Reserve’s interest rate policy might occur in the upcoming year, potentially in the first quart...