Galaxy Digital CEO Mike Novogratz Predicts Compromise on Stablecoin Rewards Clause
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2026
0mins
Source: Yahoo Finance
- Industry Compromise Expected: Galaxy Digital CEO Mike Novogratz predicts that the cryptocurrency industry will have to compromise on the stablecoin rewards clause, allowing stablecoin companies to offer rewards for usage but not on balances, which could significantly impact their revenue models.
- Legislative Support Strength: Novogratz noted a strong commitment from Democrats to advance legislation on digital assets, emphasizing the importance of U.S. leadership in this area, which could create a more favorable policy environment for industry growth.
- Coinbase's Opposition: Coinbase withdrew its support for the market structure bill just before the vote, primarily opposing the clause that prohibits crypto platforms from paying rewards on idle stablecoin balances, highlighting the industry's demand for a level playing field.
- Future Battle Outlook: Novogratz believes that while a compromise is necessary now, the industry will continue to fight for more favorable policies in the future, demonstrating the resilience and adaptability of the crypto sector in the face of regulatory challenges.
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Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLXY is 45.89 USD with a low forecast of 26.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 29.960
Low
26.00
Averages
45.89
High
60.00
Current: 29.960
Low
26.00
Averages
45.89
High
60.00
About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. Its Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
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.
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