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TechFlow, July 23 - According to CoinDesk, investment bank Jefferies initiated coverage on cryptocurrency investment bank Galaxy Digital (GLXY) with a "Buy" rating and a $35 price target.
Jefferies stated that Galaxy Digital is well-positioned to capture upside opportunities in a favorable crypto regulatory environment. The investment bank noted that the passage of the U.S. GENIUS Act provides a "favorable market structure" for Galaxy's business.
According to CoinDesk, investment bank Jefferies has initiated coverage on cryptocurrency investment bank Galaxy Digital (GLXY) with a "buy" rating and a $35 price target. Jefferies stated that Galaxy Digital is well-positioned to capture upside opportunities in a favorable crypto regulatory environment. The firm noted that the passage of the U.S. GENIUS Act provides a "favorable market structure" for Galaxy's business.
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