Mike Novogratz: Gary Gensler 'Wants to Be the Sheriff of Cryptoville'

Galaxy Digital founder and CEO Mike Novogratz said it's clear that SEC Chair Gary Gensler is gunning for crypto—but it doesn't have to spell doom. Read the full article by: Jeff Benson

Key Points:

• With the rise of institutional investments coming in the past year so has the talks on how to regulate it.

• When Gensler spoke on Tuesday to the Washington post he said that cryptocurrencies are “ a highly speculative asset class. If institutions are going to be offering crypto assets to customers the SEC wants to make sure that investors money is safe.

• Gary Gensler and the SEC have been making headlines almost everyday whether they are coming after Coinbase for lending or Blockfi for selling “ unregistered securities”.

• Mike Novogratz and Coinbase are also looking to hire someone that can speak “D.C’s language” to try and teach lawmakers crypto.