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Mike Novogratz
@novogratz
CEO, $GLXY @galaxyhq. Early Investor: #Bitcoin#, 🍄, Board: #TheBailProject#, @REFORM. Disclaimer:
参加 February 2009
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Govt feels broken. 18 months of work between our industry, dems and republicans and Clarity falls apart on the 5 yard line. All the issues got to a hard fought compromise other than one. On Ethics both sides dug in and decided their stance was more important than the long run good of a major industry and our countries chance to lead it. Republicans were afraid of putting real limits on a President’s ability to profit from digital assets. Dems decided that this one industry is where they would fight a corruption battle. They were scared to be seen doing anything that could be perceived as being soft on the President. There had been a bi-partisan proposal that would have worked but it got hi-jacked in the politics of it all. I am very disappointed that neither side could find a way to cross that chasm. I know there is an election in 7 weeks and that dominated the actions of both sides. What is crazy is the I honestly don’t believe crypto and this bill will be a top 10 issue in this election. It was in 2024 but this year will be about the war, inflation, affordability, Ai , immigration and what party has a better answer to those questions. I do have faith that the SEC and CFTC will drive on with rules for the road and hopefully in time congress will find a way to memorialize them so people can have a longer term confidence in how digital assets will be treated in the US. Maybe Mitch McConnell coming back in a wheel chair after 90 days was s comic signs to amplify how broken Congress is. We go back to work tomorrow. And continue building.
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