Galaxy Digital CEO Mike Novogratz hopes that the administration of new American President Joe Biden will be more crypto-friendly. The team of the still acting head of the White House, Donald Trump, on the contrary, in every possible way hindered the development of the industry and the more active introduction of bitcoin, Mike Novogratz said on the air of CNBC. In his opinion, the cryptosphere will expand at an accelerated pace if the US authorities put it in a certain legal framework. Many potential investors are now intimidated by the lack of legislation, so they refrain from purchasing BTC and other coins. The new administration can solve this problem and give impetus to the development of the industry. In 20 days, a change of power in the country will take place, and the CEO of Galaxy Digital hopes that regulators will change their position and become more friendly to digital currencies. Donald Trump spoke extremely negatively about Bitcoin last year. However, his Twitter post back then sparked the famous July BTC rally. Many experts even seriously feared that the Trump administration might ban bitcoin transactions altogether and start pursuing cryptocurrency holders.