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Crypto Leaders Disagree Over Galaxy Digital Settlement With NYAG – Details

  • Crypto investment firm Galaxy Digital has struck a settlement deal with the NYAG to pay a $200 million fine over the promotion of the now-defunct Terra (LUNA) token.
  • Anthony Scaramucci, founder of SkyBridge Capital, criticizes the NYAG's actions as 'lawfare' and defends Galaxy Digital, stating their promotions were based on provided information.
  • Mike Belshe, CEO of BitGo, disagrees with Scaramucci, supporting the NYAG's case against Galaxy Digital based on the pump-and-dump pattern observed.
  • The crypto market is currently valued at $2.65 trillion, with Bitcoin leading with a 61.2% dominance, followed by Ethereum and other altcoins.

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