Alex Thorn of Galaxy Digital Views Market Structure Bill as a Positive Catalyst

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 5d ago

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Source: stocktwits

Market Structure Bill Impact: Alex Thorn from Galaxy Research indicated that the passage of a U.S. cryptocurrency market structure bill could lead to higher crypto prices, acting as a catalyst for market growth.
Regulatory Challenges: Thorn highlighted unresolved issues surrounding decentralized finance regulation, developer protections, and the role of the Treasury in overseeing stablecoin reserves, which need to be addressed for effective regulation.
Bipartisan Support Importance: Successful passage of the bill may require strong bipartisan support, with all Republican members and at least two Democrats needed to vote in favor to enhance its chances of reaching the President's desk.
Senate Committee Delays: The Senate Banking Committee was scheduled to debate amendments to the market structure bill, but the session has been postponed, delaying the final vote on the legislation.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.