It's the dawn of a new day for the crypto industry with Donald Trump now the president-elect of the United States, said Galaxy Digital's Michael Novogratz, calling out the numerous crypto advocates that have advised him. "We've got a Congress that is moving our way, we've got a president that's moving our way, and so for Galaxy and the crypto industry, that couldn't be more optimistic," he said on CNBC's "Squawk Box" Wednesday morning.
"Allowing State Street and Bank of New York to custody crypto, allowing the banks to hold it on their balance sheet will bring in billions, hundreds of millions, of participants into our ecosystem. And all of a sudden we'll start seeing decentralized systems launched and work so this is really a step change.
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