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

2026/01/21 15:49 (Updated 2026/01/21 18:01)
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Written by Enzo
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Galaxy CEO Warns of Risks to Cryptocurrency Bill, White House Urges Compromise

"The Biggest Losers Would Be American Consumers"

On the 21st, Mike Novogratz, CEO of Galaxy Digital, warned that issues related to 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 fact that the banking industry is already permitted to offer yields on stablecoins under the established Genius Act, it opposes cryptocurrency platforms providing rewards to users...

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MAGAZINE
Iolite Vol.17

Iolite Vol.17

January 2026 issueReleased on 2025/11/29

Interview with Andrea Baglioni, Head of Capital, Solana Foundation, Iolite FACE Vol. 17 PHOTO & INTERVIEW: Hiroaki Miyata Features: "How to Attend International Conferences" and "Predicting 2026: A Map of the Future of Crypto Assets at a Crossroads" Crypto Journey: "From FASTNAIL to a DAT Company: Convano's Financial Strategy for Holding 21,000 BTC" Interview with Taiyo Azuma, Director of Convano Inc. Series: "An Expert's Perspective on the Fluctuating Crypto Asset Market" by Kasou Nishi Series: Tech and Future by Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.17

January 2026 issueReleased on 2025/11/29
Interview with Andrea Baglioni, Head of Capital, Solana Foundation, Iolite FACE Vol. 17 PHOTO & INTERVIEW: Hiroaki Miyata Features: "How to Attend International Conferences" and "Predicting 2026: A Map of the Future of Crypto Assets at a Crossroads" Crypto Journey: "From FASTNAIL to a DAT Company: Convano's Financial Strategy for Holding 21,000 BTC" Interview with Taiyo Azuma, Director of Convano Inc. Series: "An Expert's Perspective on the Fluctuating Crypto Asset Market" by Kasou Nishi Series: Tech and Future by Toshinao Sasaki, etc.