Novogratz Demands Passage of CLARITY Act Amid Final Stages of Negotiation

Galaxy Digital CEO Mike Novogratz is calling for swift passage of the CLARITY Act, describing it as critical for the US crypto industry. He urges lawmakers to prioritize long-term regulatory clarity over partisan disagreements.

The bill's fate now hangs in the balance as negotiations enter their final stages. Lawmakers are working to craft language that prevents conflicts of interest without creating overly burdensome restrictions.

Novogratz notes that both Republicans and Democrats recognize the importance of the legislation, pointing to favorable polling data. He urges lawmakers on both sides to 'read the room' and prioritize the long-term good of the American people.