The CEO of crypto investment firm Galaxy Digital says Democrats are changing their stance on cryptocurrencies as the 2024 U.S. presidential election approaches.
In a new #interview with CNBC's Squawk Box, Mike Novogratz says the Biden administration is listening to the market and changing its view on #cryptocurrencies .
But assuming the market is right, and the market is usually pretty savvy, it seems as if someone in the Biden White House called and said: "I won't let you down. " "Guys, we can no longer speak out against cryptocurrencies.
I think it's an earthquake. If it did happen, the price would be much higher than it is here.
When asked to clarify the meaning behind his reasoning, Novogratz doubled down, saying that Democrats didn't want cryptocurrencies to sacrifice the election for them.
I sense a broad shift among Democrats who don't want #cryptocurrency to be a big issue in the election. Crypto Super PACs (Political Action Committee) They have raised over $1,150 million dollars and are targeting Sherrod Brown and Jon Tester. "
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