On June 19, CoinWorld reported that billionaire and Galaxy founder and CEO Michael Novogratz stated in an interview with Bloomberg TV on Wednesday that the passage of milestone stablecoin legislation will attract more traditional financial institutions to enter the cryptocurrency market. He indicated that he anticipated institutions would eventually enter the market when he founded Galaxy in 2017, and this trend has now emerged. Novogratz looks forward to the implementation of the stablecoin legislation and hopes to see subsequent market structure legislation to further promote the integration of traditional finance and cryptocurrency technology. Additionally, he revealed that we will see the tokenization of equity in both cryptocurrency and non-cryptocurrency sectors in the future, and his company will collaborate with various parties to provide white-label and customized solutions.