Galaxy CEO: The Crypto Market Structure Act May Fail, BTC Needs to Break Through $100,000 - $103,000 to Reconfirm the Uptrend

CoinVoice · 2026-01-21T02:42:23+00:00

Galaxy CEO Mike Novogratz stated on the X platform that the Crypto Market Structure Act may be doomed due to a lack of consensus on stablecoin yields, reflecting the influence of U.S. politics. Banks do not want crypto platforms to offer rewards, and if the bill is rejected, consumers will be the biggest losers. At the same time, he pointed out the risk of the US dollar losing its reserve currency status and that Bitcoin's price needs to break through a key range to recover.

CoinVoice

2026-01-21 02:42:23

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CoinVoice has learned that Galaxy CEO Mike Novogratz posted on the X platform stating that the Crypto Market Structure Bill may be doomed to fail because parties have not reached an agreement on stablecoin yields, which is a manifestation of U.S. politics overriding good policy. Banks do not want crypto platforms to offer rewards to users. If the bill is vetoed, the current situation seems to be feared by banks. If this issue disrupts the Market Structure Bill, responsibility will be attributed to banks and the Republican and Democratic senators supporting banks, and the biggest losers will be American consumers. It is hoped that calm heads will prevail.

Mike Novogratz added that gold prices indicate the dollar is accelerating in losing its reserve currency status, and the sell-off of long-term bonds is also not a good sign. Bitcoin’s performance has been disappointing due to ongoing sell-offs, and its price needs to break through $100,000 to $103,000 to reaffirm a recovery into an upward trend.

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