Search results for Mike Novogratz
Crypto
Galaxy Digital CEO says U.S. CLARITY Act likely to pass by June
U.S. cryptocurrency regulation bill CLARITY could become law as early as June, Galaxy Digital CEO Mike Novogratz said. He said the bill may be finalized in May and move to a signing stage in June. The measure sets standards for digital assets, creating a national regulatory framework and dividing oversight by classifying some assets as securities and others as commodities. The process has slowed in the Senate amid stablecoin provisions and bank concerns.
Crypto
Bitcoin breaks below 100 million won mark as Bithumb hit by mistaken transfer incident
Bitcoin fell sharply on Feb. 6 night to the $65,000 range, triggering selling across the crypto market and coinciding with weakness in U.S. stocks. On Upbit, bitcoin traded in the 90 million won range, below the 100 million won threshold. U.S. Treasury Secretary Scott Bessent dismissed the possibility of intervening in bitcoin markets. In Korea, Bithumb mistakenly deposited 2,000 bitcoin per person instead of 2,000 won and later announced full compensation measures and plans for a 100 billion won investor protection fund.
Crypto
Galaxy Digital approves up to $200 million share buyback
Galaxy Digital has approved a 12-month share buyback program for up to $200 million of its Class A common shares, Cointelegraph reported. The repurchases may be made in the open market or through privately negotiated transactions under a 10b5-1 plan. Galaxy is not required to buy a specific amount and can halt the program at any time. The company is listed on Nasdaq and the Toronto Stock Exchange.
