#galaxydigital2

Galaxy Digital and BitGo return to Delaware court as BitGo seeks at least $100 million in reverse break fees from their failed $1.2 billion merger.

Galaxy Digital CEO Mike Novogratz testified that SEC regulatory challenges made their planned $1.2 billion BitGo acquisition "very difficult" to complete.

Galaxy Digital's NYDFS BitLicense approval highlights how regulatory compliance increasingly favors well-capitalized crypto firms over smaller competitors.