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Galaxy Digital CEO Mike Novogratz Denies Insider Trading Allegations in Response to XRP Community Member's Claims

June 21 (Cointime) - Mike Novogratz, CEO of Galaxy Digital, has confirmed that he has been an investor in Ripple since its inception and has not sold his shares in the past decade. This statement was made in response to allegations from a prominent member of the XRP community that Novogratz had insider knowledge of SEC regulations.

Novogratz denied the allegations, stating that he had never met or communicated with the former SEC director in question and that the only person he had discussed SEC matters with was Ripple CEO Brad Garlinghouse. Some members of the XRP community have expressed skepticism about Novogratz's promotion of Ethereum despite his investment in Ripple.

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