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Galaxy Founder: The stablecoin bill will attract more Financial Institutions into the crypto market.
PANews reported on June 19 that billionaire and Galaxy founder and CEO Michael Novogratz said in an interview with Bloomberg TV on Wednesday that the passage of landmark stablecoin legislation will attract more traditional financial institutions to enter the cryptocurrency market. He said that when he founded Galaxy in 2017, he expected that institutions would eventually enter the market, and now that trend is here. Novogratz looks forward to the implementation of the stablecoin bill and hopes that a market structure bill will be introduced in the future to further promote the integration of traditional finance and cryptocurrency technology. In addition, he revealed that the future will see the tokenization of equity in the crypto and non-crypto space, and his company will work with all parties to provide white label and customized solutions.