Yahoo TV

At the Future Proof Festival in Huntington Beach, California, Yahoo Finance anchor Julie Hyman is joined by Galaxy Digital (GLXY.TO) founder and CEO Michael Novogratz to discuss bitcoin's (BTC-USD) emergence in the 2024 US election as holders are swayed to becoming single-issue voters over early crypto policy proposals.

"Being anti-crypto is like being anti-dog: it's just not smart politics. And I think the Democrats are getting there, but Trump got there first," Novogratz tells Hyman. "My role these days is to get the Democrats to have a rational, smart crypto policy... But, we know if the Republicans win, it's really going to be opening the floodgates for crypto."

He comments on former President Donald Trump's newest crypto venture, World Liberty Financial, which was announced on Monday. Novogratz also finds the Biden administration's mishandling of crypto "unbelievably painful."

"They were categorically un-American, unfair. We've had an SEC that literally has lost many cases in court and just persists at being very difficult to deal with for crypto," Novogratz says, believing Vice President Kamala Harris to be a "practicalist" who could just as easily pivot her policies accordingly.

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This post was written by Luke Carberry Mogan.