Galaxy founder: stablecoin bill will attract more traditional financial institutions to enter the cryptocurrency market Billionaire and Galaxy founder and CEO Michael Novogratz stated in a Bloomberg TV interview on Wednesday that the milestone stablecoin legislation will attract more traditional financial institutions to enter the cryptocurrency market. He stated that when he founded Galaxy in 2017, he anticipated that institutions would eventually enter the market, and now this trend has emerged. Novogratz looks forward to the implementation of the stablecoin bill and hopes that there will be a market structure bill in the future to further promote the integration of traditional finance and cryptocurrency technology. In addition, he also revealed that in the future, he will see equity tokenization in both cryptocurrency and non cryptocurrency fields, and his company will collaborate with various parties to provide white label and customized solutions.