Patrick Mulvey

Patrick Mulvey asked about the ongoing discussions in Washington regarding the crypto market structure bill, its chances of passing, its necessity for advancing digital asset plumbing, and the aspects most exciting for Galaxy Digital's business.

Answer

CEO Mike Novogratz stated a 75%-80% chance of the bill passing due to bipartisan pressure, with a compromise expected on interest-bearing stablecoins. He believes the bill will significantly accelerate on-chain activity and DeFi growth, leading to a potential pickup in M&A post-passage.