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Novogratz: Stablecoin legislation will introduce more Financial Institutions, promoting deeper integration in the industry.
[Crypto Assets News] On June 19, billionaire and Galaxy founder and CEO Michael Novogratz stated in an interview with Bloomberg TV on Wednesday that the passage of milestone stablecoin legislation will attract more Financial Institutions into the Crypto Assets market. He mentioned that he anticipated institutional entry back when Galaxy was founded in 2017, and this trend is now evident. Novogratz looks forward to the stablecoin bill being implemented and hopes for subsequent market structure legislation to further promote the integration of TradFi and Crypto Assets technology. Additionally, he revealed that we will see equity tokenization in both the Crypto Assets and non-Crypto Assets sectors in the future, and his company will collaborate with various parties to provide white label and customized solutions.