Galaxy Digital makes its Nasdaq debut today. Trading under the ticker symbol GLXY.

It is a significant milestone for the crypto financial services firm. It previously traded on the Toronto Stock Exchange, and we're now joined by CEO Mike Novogratz.

Galaxy Digital, the crypto financial services firm, is set to make its Nasdaq debut today, trading under the ticker symbol GLXY. The company, which previously traded on the Toronto Stock Exchange, is launching on the U.S. exchange through a direct listing.

The firm’s flagship private equity fund, Galaxy Digital Holdings Ltd (TSX: GLXY), is making the move to the Nasdaq exchange, where it will continue trading under the same ticker symbol.

The direct listing follows a turbulent period for the crypto industry, with major crypto firms like FTX and Alameda Research filing for bankruptcy in late 2022 amid a crypto market downturn and a series of scandals.

After a stellar 2021, the crypto market went into a bear market in 2022, erasing most of the gains from the bull run. However, the crypto industry has shown signs of a recovery this year.

Earlier this month, the Senate Banking Committee advanced a bipartisan stablecoin bill, setting the stage for a vote by the full Senate. The bill, co-led by Senators Mark Warner (D-VA) and Steve Hagerty (R-TN), aims to create a regulatory framework for stablecoins, a type of cryptocurrency pegged to the value of another asset, typically the U.S. dollar.

The bill would delegate the responsibility for stablecoin regulation to the Federal Reserve, requiring issuers to maintain adequate reserves and disclose any material changes in the stablecoin’s value. It would also provide the Treasury Department with authority to oversee the issuance of digital assets by foreign central banks.

The stablecoin bill is part of a broader effort by Congress to regulate the cryptocurrency industry, which has seen rapid growth in recent years.

House Republicans are also working on a comprehensive crypto bill that would set up a new regulatory framework for the industry. The bill, which is expected to be released soon, would create a licensing scheme for crypto exchanges and other institutions, and it would provide clarity on issues such as securities regulation and decentralized finance (DeFi).

The bipartisan legislation to create a framework for regulating stablecoins passed the Senate Banking Committee on Thursday, setting the stage for a vote by the full Senate.

The 13-0 vote, which came after several hours of discussion and amendments, reflects the bipartisan interest in advancing legislation to regulate cryptocurrencies.

The bill, S. 1084, is co-led by Senators Mark Warner (D-VA) and Steve Hagerty (R-TN). It would delegate the responsibility for stablecoin regulation to the Federal Reserve, requiring issuers to maintain adequate reserves and disclose any material changes in the stablecoin’s value. It would also provide the Treasury Department with authority to oversee the issuance of digital assets by foreign central banks.

The stablecoin bill is part of a broader effort by Congress to regulate the cryptocurrency industry, which has seen rapid growth in recent years.

House Republicans are also working on a comprehensive crypto bill that would set up a new regulatory framework for the industry. The bill, which is expected to be released soon, would create a licensing scheme for crypto exchanges and other institutions, and it would provide clarity on issues such as securities regulation and decentralized finance (DeFi).

The bipartisan legislation to create a framework for regulating stablecoins passed the Senate Banking Committee on Thursday, setting the stage for a vote by the full Senate.

The 13-0 vote, which came after several hours of discussion and amendments, reflects the bipartisan interest in advancing legislation to regulate cryptocurrencies.

The bill, S. 1084, is co-led by Senators Mark Warner (D-VA) and Steve Hagerty (R-TN). It would delegate the responsibility for stablecoin regulation to the Federal Reserve, requiring issuers to maintain adequate reserves and disclose any material changes in the stablecoin’s value. It would also provide the Treasury Department with authority to oversee the issuance of digital assets by foreign central banks.

The stablecoin bill is part of a broader effort by Congress to regulate the cryptocurrency industry, which has seen rapid growth in recent years.

House Republicans are also working on a comprehensive crypto bill that would set up a new regulatory framework for the industry. The bill, which is expected to be released soon, would create a licensing scheme for crypto exchanges and other institutions, and it would provide clarity on issues such as securities regulation and decentralized finance (DeFi).

The bipartisan legislation to create a framework for regulating stablecoins passed the Senate Banking Committee on Thursday, setting the stage for a vote by the full Senate.

The 13-0 vote, which came after several hours of discussion and amendments, reflects the bipartisan interest in advancing legislation to regulate cryptocurrencies.

The bill, S. 1084, is co-led by Senators Mark Warner (D-VA) and Steve Hagerty (R-TN). It would delegate the responsibility for stablecoin regulation to the Federal Reserve, requiring issuers to maintain adequate reserves and disclose any material changes