Galaxy Digital founder Mike Novogratz said that the SEC lawsuits against Binance and Coinbase will not be resolved quickly.
The crypto industry’s attention has turned to lawsuits filed by the SEC. The SEC is making a show of strength by suing Binance and Coinbase. All these processes have also angered the crypto community.
Galaxy Digital founder Mike Novogratz, who shared his views on the subject, stated that the cases will not be concluded in a short time and may take months.
Mike Novogratz Considers The Latest Trend In Crypto
Galaxy Digital founder Mike Novogratz addressed the tensions between the SEC and the crypto industry. Novogratz stated that the lawsuits filed by the US regulator will not be concluded in a short time.
Attending a conference organized by Piper Sandler, Novogratz stated that the industry will have difficulty in obtaining forward-looking information as there will be no quick results in the cases between the SEC and the stock markets.
The founder of Galaxy Digital drew attention to the absence of Bitcoin, Ethereum and USDC among the cryptocurrencies targeted by the SEC. According to Novogratz, there are many opportunities to move towards cryptocurrencies in the US. In addition, Novogratz underlined that his company has expanded operationally to different countries.
The SEC advocates working in harmony with the crypto industry, but the issues that are problematic in these processes must be resolved. On the SEC’s radar are Binance and Coinbase.
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