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Mike Novogratz Says He’s Not Expecting ‘Quick Closure’ on SEC Crypto Suits
Mike Novogratz, the founder of Galaxy Digital Holdings Ltd., said he’s not expecting a “quick closure” on the recent lawsuits brought by the US Securities and Exchange Commission against Coinbase Global Inc and Binance Holdings Ltd. “That case probably won’t be litigated for a few months,” Novogratz said when asked about the lawsuit against Coinbase at a fintech investor conference held by Piper Sandler on Wednesday. “There’s not going to be quick closure on any of this. It makes it very difficult to figure out what you should do.” While the SEC labeled many major tokens as securities in recent ... (full story)