Novogratz Warns of Tight Deadline for CLARITY Act Passage

The CLARITY Act has been a long-awaited regulatory framework for the US crypto industry. The bill aims to clarify which digital tokens are securities and which are commodities, a distinction that has been a major source of legal uncertainty.

Galaxy Digital CEO Mike Novogratz believes that only two or three contentious issues remain in the bill's drafting process. He notes that the proposed solutions to these remaining disagreements are 'fair and beneficial for the U.S.'