Mike Novogratz Tells Anthony Scaramucci Crypto Industry Will Lose Stablecoin Rewards Battle To Banking Lobby: 'There'll Be A Compromise' [Yahoo! Finance]
Galaxy Digital Inc. - Class A common stock (GLXY)
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Source: Yahoo! Finance
Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz said Wednesday that the cryptocurrency industry will have to eventually compromise on the controversial stablecoin rewards clause in the market structure bill. In a discussion with SkyBridge Capital founder Anthony Scaramucci , Novogratz said the industry is “going to lose that battle” against what he described as a “very strong” banking lobby. “There'll be a compromise. The compromise is that the stablecoin companies will be able to give some reward points out for usage, but not balances,” he predicted. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early Novogratz said that the bill, as a whole, is “good” for the industry to move forward. “You'll do that, and then you'll come back and try to fight that in round two, a couple of years later,” he said. Novogr
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GLXY
News
- Galaxy Digital (NASDAQ:GLXY) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $46.00 price target on the stock.MarketBeat
- Galaxy Digital (NASDAQ:GLXY) had its "buy" rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $50.00 price target on the stock.MarketBeat
- Here's when XRP price is seen to surge by 80% after Ripple Treasury launch [Yahoo! Finance]Yahoo! Finance
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- Kevin O'Leary Predicts Crypto Market Structure Bill To Pass Before Midterms—He Even Has A Date [Yahoo! Finance]Yahoo! Finance
GLXY
Earnings
- 10/21/25 - Beat
GLXY
Sec Filings
- 1/15/26 - Form 424B3
- 1/15/26 - Form 424B3
- 1/15/26 - Form 8-K
- GLXY's page on the SEC website