Mike Novogratz Tells Anthony Scaramucci Crypto Industry Will Lose Stablecoin Rewards Battle To Banking Lobby: ‘There’ll Be A Compromise’
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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.
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