Galaxy’s Novogratz Says No Crypto Rules Before 2024 Election, Expected Bitcoin ETF Approval
- Galaxy’s net losses jumped to $94 million in the third quarter
- Novogratz points to promising October as crypto prices bounce
Michael Novogratz
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Michael Novogratz doesn’t expect US lawmakers to make headway on regulating the crypto sector before the 2024 election, speaking ahead of anticipated approval by the Securities and Exchange Commission of the first American exchange-traded fund to directly hold Bitcoin.
“I don’t think anything gets done this side of the election. But there are plenty of smart guys in Washington,” Novogratz, the founder and chief executive officer of Galaxy Digital Holdings Ltd., said on the New York-based company’s third-quarter earnings conference call Thursday.