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Galaxy Digital founder and CEO Mike Novogratz said it`s clear that SEC Chair Gary Gensler is gunning for crypto—but it doesn`t have to spell doom.
Galaxy Digital founder and CEO Mike Novogratz famously said of institutional crypto adoption back in 2017 that "the herd is coming." In 2021, the herd has indeed arrived, but so has the law.
The newly minted Securities and Exchange Commission chairman Gary Gensler did not set foot inside the Messari Mainnet conference in New York this week, but he was nonetheless ubiquitous, conducting an interview with The Washington Post on Tuesday—streamed live at the conference—in which he called cryptocurrencies "an asset class that's highly speculative." His remarks added to a crypto market correction on Tuesday.
On a Wednesday morning panel at the conference, Novogratz was unequivocal when asked about Gensler. "Gary is smart, there's absolutely no doubt about it he's smart," the billionaire investor and Bitcoin bull said. "There's also absolutely no doubt about it that he wants to regulate crypto. Clear as could be. He wants to be the sheriff of Cryptoville."
Source : decrypt.co
| Coin | Change(%) | Price | Volume (24h) |
|---|---|---|---|
| Bitcoin (BTC) | 3.71 | $72,084.86 | $45.5B |
| Ethereum (ETH) | 3.43 | $4,038.91 | $20.8B |
| XRP (XRP) | 18.52 | $0.727106 | $4.4B |
| Solana (SOL) | 1.58 | $147.242060 | $3.8B |
| Binance Coin (BNB) | -2.22 | $519.52 | $3.0B |
| USD Coin (USDC) | 0.03 | $0.999697 | $2.4B |
| Dogecoin (DOGE) | 0.96 | $0.174374 | $2.1B |
| Shiba Inu (SHIB) | -2.92 | $0.000033 | $1.7B |
| Floki Inu (FLOKI) | -7.67 | $0.000267 | $1.3B |
| Avalanche (AVAX) | 13.16 | $47.596296 | $1.2B |
