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Galaxy Digital appoints Tony Paquette as new chief financial officer

Galaxy Digital has appointed Tony Paquette, a former Point72 executive, as its new CFO, succeeding Alex Loffe, who will transition to a senior advisory role in January 2025. This leadership change comes amid the company's financial challenges, including a reported net loss of $54 million, and a shifting regulatory landscape for cryptocurrency in the US. Despite these hurdles, Galaxy Digital remains optimistic about future growth, especially with the anticipated pro-crypto policies from the incoming Trump administration.
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