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LAST UPDATE: June 19, 2025
Novogratz Says Stablecoin Bill Will Push Traditional Finance Toward Crypto
Galaxy Digital CEO Michael Novogratz praised the passage of stablecoin legislation (“Genius Act”) in the Senate, predicting it will accelerate adoption of tokenized financial products and draw traditional financial institutions into crypto markets .
Insight
Novogratz’s view captures a watershed moment for crypto: stablecoin regulation legitimizes the field, potentially triggering a shift toward institutionalized digital finance supported by banks, asset managers, and tokenized asset offerings.
