Stablecoin Regulation: Mike Novogratz Says "Democrats are Shooting Themselves in the Foot"
As reported earlier by Coingape, Republican Congressman Patrick McHenry said their Democratic counterparts could not come to a compromise with respect to the Bill, creating a stalemate. advertisement Mike Novogratz Shares His Take According to the billionaire investor and Galaxy Digital CEO, the Democrats might be shooting themselves in the foot for their attempts to block the stablecoin bill. McHenry has posited earlier that “Americans deserve clarity for payment stablecoins and there has been good faith, bipartisan work to deliver that clarity” but that Democrats are blocking the efforts made thus far. Noting importantly that the blockage is being done at the behest of the White House, Mike Novogratz said Crypto Regulation , including those involving stablecoin s, should not have been treated as a partisan issue. The democrats are shooting themselves in the foot! Crypto should NOT be a partisan issue. They will lose voters as a great deal of...