says<\/a> the Biden administration is listening to the markets and shifting its standpoint on crypto.<\/p>\n\u201cBut assuming, you know, the market is\u00a0right, and the market is usually pretty smart, it feels like someone at the Biden White House\u00a0made a call\u00a0and said, guys, we can\u2019t be the party against crypto anymore.\u00a0<\/em><\/p>\nI think that\u2019s a seismic shift. If those things actually happen, prices are going to be much higher than here.\u201d<\/em><\/p>\nWhen asked to clarify the meaning of his speculation, Novogratz doubled down, saying the Democrats don\u2019t want crypto to cost them the election.<\/p>\n
\u201cI am sensing a widespread shift amongst Democrats that don\u2019t want to let crypto be a big election issue. The crypto super PACs (Political Action Committees) have raised over $150 million, and they have targeted Sherrod Brown and Jon Tester, elections that matter dearly to Democrats in swing states, in vulnerable Senate seats.\u00a0<\/em><\/p>\nCrypto should be bipartisan. And quite frankly, for our industry to do well, it needs to be bipartisan. And it has been really Elizabeth Warren and a small group of people that have held the Democrats hostage on this. What the Senate broadly said, Chuck Schumer being the Senate leader who voted to overturn against Elizabeth, was, enough, enough.\u00a0<\/em>Like, this is becoming dumb. <\/em><\/p>\nAnd so I\u2019m sensing a\u00a0real\u00a0shift.\u201d<\/em><\/p>\n