Mike Novogratz, CEO of Galaxy Digital, anticipates positive regulatory developments for the US crypto sector following the upcoming election.

He emphasises bipartisan support as a crucial factor, noting that most Democrats, barring a few like Senator Elizabeth Warren, are supportive of innovation and crypto.

Novogratz believes this broad political backing will lead to favorable regulatory changes that support industry growth and stability.

Despite current uncertainties, he is optimistic about clearer regulations and increased legislative support for cryptocurrencies, expecting the next administration to enact favorable legislation regardless of party affiliation.

Novogratz also underscores Bitcoin's (CRYPTO:BTC) role as a hedge amid economic concerns, citing its resilience and value in turbulent financial times.