Key Highlights
- Galaxy Digital CEO Mike Novogratz called for the swift passage of the CLARITY Act, describing it as critical for the U.S. crypto industry.
- Novogratz urged Republicans and Democrats to prioritize long-term regulatory clarity over partisan disagreements.
- The remaining debate centers on ethics language, with lawmakers seeking safeguards against conflicts of interest while avoiding excessive restrictions.
Mike Novogratz, CEO of Galaxy Digital, has issued a strong public call for the swift passage of the CLARITY Act, describing it as essential for America’s financial future.
In an X post on Saturday, the crypto industry leader emphasized that lawmakers are now down to final “word smithing” around a critical ethics clause.
The Galaxy CEO noted that both Republicans and Democrats recognize the importance of the legislation, pointing to favorable polling data. He urged lawmakers on both sides to “read the room” and prioritize the long-term good of the American people.
CEO calls for a harder push
Novogratz specifically called on Republican senators to push harder with the White House and encouraged Democratic senators to avoid trying to solve every government-wide corruption issue within this single digital assets bill. “Prove to us that, like with housing, Congress can still function for the long-term good of the American people,” he wrote.
Novogratz’s comments carry significant weight in the crypto space. As the head of Galaxy Digital, he has been a vocal advocate for responsible regulation that balances innovation with accountability.
The ethics clause remains a sensitive topic. Lawmakers are reportedly working to craft language that prevents conflicts of interest without creating overly burdensome restrictions that could stifle legitimate participation. Supporters argue that equal rules for politicians and citizens will restore public trust in both government and emerging financial markets.
CLARITY Act release delayed again
The updated text of the CLARITY Act has reportedly been postponed once more, with crypto industry insiders now expecting the revised legislation to drop sometime next week.
According to journalist Eleanor Terrett, negotiations over key ethics provisions have extended longer than anticipated, pushing back the rollout that many hoped would follow immediately after Thursday’s White House discussions.
The delay follows President Donald Trump’s meeting with Senate Republicans aimed at resolving remaining disagreements on the bill. While Senate talks continue behind closed doors, the House Financial Services Committee advanced the conversation by holding a field hearing in New York on Friday, focused on how the CLARITY Act could reignite blockchain innovation and competitiveness in the United States.
Congress response remains crucial
As negotiations enter the final stages, the crypto industry and millions of American investors will be closely watching how Congress responds. The coming weeks could determine whether the United States embraces a forward-looking regulatory framework or continues to lag behind international peers.
Bridging partisan divides in a divided Congress is never easy, and digital assets remain a politically charged topic. Some lawmakers remain skeptical about crypto’s risks, citing concerns over volatility, illicit finance, and market manipulation. Others worry that rushing legislation could create loopholes or fail to address broader systemic issues.
Novogratz’s call to action serves as both a reminder of what is at stake and a hopeful signal that compromise may still be possible.
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