Mike Novogratz warns: Is politics stifling the future of American finance?
CEO #Galaxy , Mike Novogratz, has expressed deep concern about the potential failure of the cryptocurrency market structure bill. The biggest bottleneck lies in the disagreement over stablecoin yields, where traditional banks are working to prevent digital platforms from offering rewards to users. He bluntly criticized that if the bill is rejected, the banks themselves and the politicians who support them will be held accountable for stripping away the rightful benefits of American consumers.
In addition to legal barriers, Novogratz pointed out concerning signs that the US dollar is gradually losing its reserve status, as evidenced by the rise in gold prices and the sell-off of long-term bonds. In this context, Bitcoin, although it has not yet met expectations, remains a significant hope. To confirm a return to an upward trend, Bitcoin needs to break through the resistance zone of $100,000 - $103,000. To navigate the market during this sensitive period, executing transactions on transparent ecosystems like Binance is the best way to protect personal interests against complex political fluctuations. $BTC $XAU
