Galaxy Digital advises Pantera to sell bitstamp to Ripple?
More broadly in our global markets business, on the back of a record year for our investment banking team, we advised Pantera, a leading blockchain asset management firm on the sale of its stake in European digital asset exchange Bitstamp to Ripple Labs in Q1
The courts move slowly. It’s been, what, three years since the Ripple lawsuit, and we still don't have that judgment—that will probably be the first judgment. But I think this is going to be a slow process, probably until the election.
Mike, that goes right to my follow-up. I know you're a red, white, and blue ex-military guy. How close do you think are we to ceding leadership in this asset class permanently? If we don't act and if the Ripple case doesn’t have some impact by yearend, how far behind? You even mentioned you're looking at alternatives offshore as well.