During the Piler Sandler Global Exchange & FinTech conference, Michael Novogratz assured that many other cryptocurrency companies are considering similar strategies. And some are already in the process of moving. According to the businessman, Galaxy Digital may move its staff to another country as well.
The billionaire believes that the U.S. will remain an important player in the cryptocurrency industry in the long term, but the authorities need to develop the cryptocurrency industry rather than destroy it. For cryptocurrencies to reach their full potential, the U.S. must be involved, Novogratz said.
SEC continues crusade against cryptocurrencies and cryptocompanies operating. Regulators recently said Coinbase knowingly violated U.S. securities laws.