Mike Novogratz, CEO of Galaxy Digital and a millionaire investor, recently appeared on CNBC’s Squawk Box to discuss Ripple and Bitcoin.
The CEO has said that Bitcoin is resilient despite government challenges and that Bitcoin will remain in circulation.
When asked about the strategy he used during the bear market, Novogratz said, “We prepared for a longer-than-expected crypto winter, we held what we had, and we spent this process very productively with new investments.”
In response to a query regarding pressure on cryptocurrencies from SEC Chairman Gary Gensler, investor Michael Novogratz stated, “The SEC chief says the rules on cryptocurrencies are clear, but the rules are not clear at all.” Gary Gensler may not be a Bitcoin hater, but I doubt it.
Novogratz has some opinions on the Ripple case verdict: “To the Democrats, Gary Gensler, and the White House, the message from the Ripple ruling was clear: bring fair rules to the table.
Ripple and the whole cryptocurrency sector can celebrate a major triumph with this ruling. Let’s not put a pretty face on this pig (referring to Gensler’s defence of the SEC’s position) by letting Gary Gensler interpret the judgement. The defeat has not been lost on them.
The most important takeaway from this ruling is that it disproves Gensler’s repeated claims that there are no such things as cryptographic rules. The judge agreed with you 100%. We need legislation to clarify this subject, which is now quite murky.”
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