Novogratz Blasts US Officials for Poor Grasp of Crypto Industry
Politicians in Washington have been clueless on nearly everything as long as I can remember, it seems once they land in DC any form of intelligence they held is quickly removed – and now even more with the rise of cryptocurrency they appear as clueless as ever
Mike Novogratz blasts US officials for poor grasp of crypto industry
“Amid the chorus of stringent crypto regulations among several United States leaders, proponents such as Galaxy Digital CEO Mike Novogratz look to counter anti-cryptocurrency sentiments circulating in Washington.
Tweeting on Tuesday, Novogratz described crypto as the “future of our financial systems” while adding politicians and regulators ought to do their homework before devising policies to regulate the industry.
Novogratz’s tweet was in response to Senator Elizabeth Warren’s remarks where the Senator from Massachusetts once again espoused anti-crypto sentiments, calling cryptocurrency “the wild west” of the U.S. financial system.
Senator Warren has been a vocal proponent of more stringent crypto regulatory policies, even querying officials such as Gary Gensler, Chairman of the Securities and Exchange Commission and Treasury Secretary Janet Yellen to come up with stricter rules for digital currencies.”