Galaxy Digital CEO: Cryptocurrency will be regulated favorably no matter who wins the election

BlockBeats news, July 3, according to Cryptoslate, Galaxy Digital CEO Mike Novogratz predicted that cryptocurrencies in the United States will receive favorable regulation no matter who wins the 2024 presidential election. Novogratz said that cryptocurrency should be a bipartisan issue. We can't have one party supporting it and the other opposing it. Despite opposition from some legislators, especially Senator Elizabeth Warren, most American politicians tend to support innovation in the crypto industry.

He pointed out that despite the lack of transparency in regulation, there is a clear shift toward a more favorable stance, and most Democrats, with the exception of a few, support innovation and cryptocurrencies. No matter who wins the next election, positive cryptocurrency legislation is inevitable. In addition, Novogratz said that Bitcoin will trade between $55,000 and $73,000 before more news that affects the market emerges. He added that growth "takes time" and emphasized that Bitcoin has impressively climbed to an all-time high this year.