Galaxy Digital CEO: The Passage of Two Key US Crypto Bills Will Bring a Wave of Cycle-Breaking Investors
Jinse Finance reported that Galaxy Digital CEO Mike Novogratz stated that the passage of two key crypto bills in the United States will usher in a new wave of cryptocurrency investment, which could break the traditional four-year market cycle. Novogratz said on Tuesday that the GENIUS Act, which aims to regulate stablecoins and is set to be signed into law in July, along with the CLARITY Act, which defines regulatory agencies' jurisdiction over cryptocurrencies, will lead to a large influx of new investors, thereby disrupting the traditional four-year cycle pattern. "This is a big deal. With these two pieces of legislation as 'bookends,' it will unleash tremendous new forces and attract a large number of new participants into the crypto space." Many crypto investors believe that the crypto market follows a price trend pattern that coincides with the bitcoin halving event, which occurs approximately every four years. The most recent halving took place in April 2024, so some believe the current bull market may end soon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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