The US CLARITY Act, which seeks to provide clearer rules for crypto firms and investors, is expected to move forward in May according to Mike Novogratz.
The bill has been delayed due to concerns over stablecoin yield and banking regulations. The delay has sparked doubts among industry participants, with some giving the bill a 50% chance of passing this year.
Novogratz, CEO of Galaxy Digital, believes that the CLARITY Act could help the US keep financial innovation within its borders by providing clearer rules for crypto firms and exchanges. He also argues that tokenization could allow shares or assets linked to major companies like SpaceX and Google to reach a global audience.