US Cryptocurrency Legislation Progress: Industry Voices Diverge

2026-01-17 02:00:10

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【Crypto World】Regarding the progress of US cryptocurrency legislation, industry leaders’ attitudes have shown interesting divergence. Michael Novogratz, the head of Galaxy Digital, recently expressed his hope for the US to accelerate the advancement of crypto-related bills. His logic is straightforward—first establish the framework, even if it’s not perfect, it doesn’t matter; subsequent adjustments and improvements can be made based on market feedback. This pragmatic attitude is quite reasonable, as the market has long been eager for a clear regulatory framework. However, not all voices in the industry are so optimistic. The CEO of a major platform questioned several provisions of the draft bill, believing that the existing plan has obvious issues and therefore cannot be supported. This divergence of opinions actually reflects the complex current situation of regulation in the crypto industry—wanting regulatory certainty while also worrying that some clauses may hinder ecosystem development. The road to US crypto legislation still needs further refinement.

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SerRugResistant

· 6h ago

Novogratz's logic of "get on the bus first and then adjust the direction" sounds pretty comfortable, but that's about it. When it comes to tricky clauses, everyone has to admit defeat.

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SerumDegen

· 6h ago

nah novogratz is just copium posting... any framework rn is basically a liquidation cascade waiting to happen lol

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UnluckyValidator

· 6h ago

Novogratz just wants to get on board first and see, anyway, they can always make changes later... But the CEO's concerns are not unfounded; some terms are indeed problematic.

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GasFeeCrier

· 6h ago

Haha, I've heard Novogratz's take a hundred times already. Anyway, big institutions will just get on board first and then talk about it. --- Is it better to have a lousy plan than no plan at all? This logic only applies to big whales who are already making easy profits. --- The CEO is right, some clauses can really trap small projects, leaving only the top players monopolizing. --- Regulatory frameworks, if you come too late, you'll get screwed; if you come too early, you'll get screwed too. Web3 is just so competitive. --- Basically, it's still about利益分化 (benefit division). Big companies want to lock in the market with certainty, while small players are afraid of being buried. --- Can we really rely on the progress of bills in the US? I suggest we stop waiting.

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wrekt_but_learning

· 6h ago

Novogratz really wants to implement quickly, there's a bit of a gamble... But on the other hand, having a framework is better than having none, right?

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