According to Galaxy Digital CEO Mike Novogratz, the American authorities harm the state’s economy by slowing down the process of legalizing the cryptosphere.
The billionaire expressed his position on Twitter and stressed that officials and politicians who are skeptical about Bitcoin are creating obstacles to the more active development of the crypto business.
With this post, Novogratz reacted to the statement of Senator Elizabeth Warren, representing the camp of BTC opponents. Let us remind you that this politician recently called the crypto market the “Wild West”. In her opinion, the digital industry threatens the financial stability of the United States.
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Elizabeth Warren has repeatedly called on the head of the SEC, Gary Gensler, to tighten control over the digital asset market and develop a mechanism to put pressure on suspicious projects.
Mike Novogratz emphasized that digital currencies are our future. He lashed out at officials and politicians who were hindering the development of this market.
The businessman also added: “We need regulators and politicians who understand that new ideas need space to develop.”