Galaxy CEO Warns of Risks to Cryptocurrency Bill, White House Urges Compromise

2026/01/21 15:49 (Updated 2026/01/22 07:00)

CoinPost

Written by Enzo

Galaxy CEO Warns of Risks to Cryptocurrency Bill, White House Urges Compromise

"The Biggest Losers Will Be American Consumers"

On the 21st, Mike Novogratz, CEO of Galaxy Digital, warned that issues with stablecoin yields in the cryptocurrency market structure bill could potentially obstruct its passage.

In a post on X (formerly Twitter), Novogratz stated, 'The trends in yields in the stablecoin bill are interesting but could kill the bill. Politics are prioritized over good policy.'

Despite the banking industry already allowing stablecoin issuers to provide yields under the established Genius Act, it opposes cryptocurrency platforms offering rewards to users...

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MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30