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Highlights
- The US SEC, OCC and CFTC have made a 360 degrees shift in crypto regulation
- Mike Novogratz is confident this new shift is a positive one for the industry
- Crypto industry may see top institutional investors enter the market
Crypto investor Mike Novogratz has shared his opinion on the latest regulation changes and developments in the United States, calling them historical for the industry. The latest trends include the Office of the Comptroller of the Currency (OCC) opening doors for banks, the SEC changing its enforcement tactics, and stablecoins regulation gaining government support.
Novogratz believes these recent changes will have a lasting impact on Bitcoin and the broader crypto market.
Mike Novogratz on Key Crypto Regulation Trends
According to his X post, Mike asserted that having a national BTC reserve sends a strong message to other countries. He believes this is a significant step toward Bitcoin’s global adoption and a turning point for the financial system.
Second, Novogratz stressed the importance of allowing banks to participate in crypto. He argued that banks can now provide crypto custody and transaction services with the OCC easing restrictions.
He believes this will encourage more institutional adoption than the reserve announcement itself.
Crypto musings…
1. The announcements yesterday were huge. Historical. That we have a $BTC reserve will send a message to every country. This is a very big deal.
2. Allowing Banks to participate will greatly increase institutional adoption.
This might be more important…— Mike Novogratz (@novogratz) March 8, 2025
Similarly, he reacted to the U.S. Treasury Secretary’s recent comments about stablecoins. Acknowledging their role in maintaining the dollar’s dominance, the government now sees stablecoins as a key financial tool.
Mike Novogratz considers this crypto regulation shift extremely bullish, suggesting that policymakers finally understand the value of digital assets. Meanwhile, he addressed why crypto prices have been struggling in 2025. He explained that the market hit a frenzy in late 2024, peaking with the high-profile Crypto Ball event during the U.S. inauguration.
Since then, institutions have taken a cautious approach, Chinese investors have favored stocks over crypto, and meme coin speculation has collapsed. Additionally, U.S. stock market shifts have affected crypto’s momentum, while the industry still lacks a new Web3 breakthrough to drive excitement.
The SEC and CFTC Shift on Crypto Regulation
In other news, the crypto regulatory environment is changing in the US. One important sign is the SEC’s withdrawal from crypto lawsuits.
Likewise, the CFTC is also easing crackdowns on crypto firms. These moves complement the OCC, which makes it easier for banks to engage with crypto. Banks and other financial institutions will now be privileged to participate in custodial services and DeFi staking.
This has been one of the positive developments for the crypto community since President Trump’s emergency in the US. President. Importantly, these changes might see more regular and institutional investors acquire and invest more in the digital asset economy.
Crypto Exchanges and IPO Pursuit
It is also important to note that major crypto exchanges like Kraken and Gemini are preparing for IPOs as the regulatory outlook improves.
Like many other market experts who have shared their opinions, Mike Novogratz believes public listings will boost investor confidence and push the industry further into mainstream finance.
However, he noted that the crypto market needs fresh retail interest and a new narrative to regain momentum.
Still, the industry leader remains bullish on crypto in the medium to long term. However, in the short term, he warns of counterbalancing forces and the need for Bitcoin to break $91,000 for a full market recovery.
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