Cryptocurrencies in the USA: A New Political Player
Date: 2024-05-23 Author: Gabriel Deangelo Categories: IN WORLD
According to Mike Novogratz, CEO of Galaxy Digital, the number of cryptocurrency owners in the United States exceeds the number of owners of pets such as dogs, and continues to grow. This phenomenon is gaining political significance in light of the upcoming elections.
Policy Changes and Investor Interests
Mike Novogratz notes that the Biden administration has begun to change its stance on cryptocurrencies, perhaps in an attempt to attract votes from crypto holders in the upcoming elections. This is of interest not only to investors, but also to politicians.
Economic Significance and Market Development
As the political climate changes, Mike Novogratz emphasizes the importance of bipartisan support for the development of the US cryptocurrency industry. He believes this could contribute to further market growth and attract new investment.
Regulation and Ethereum-ETF
Policy changes could also impact the regulation of spot Ethereum ETFs, reflecting the Biden administration's move to soften its stance on the asset class.
The influence of cryptocurrencies on political processes in the United States is becoming increasingly noticeable, and the upcoming elections may determine the future of regulation and development of the cryptocurrency industry in the country.
