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- The American Clarity Act will likely move to committee in the first week of May, Mike Novogratz said.
- He said the bill is important for both parties, and said it could open the door to tokenization for major private companies.
Mike Novogratz is still betting on it Washington The cryptocurrency market structure bill will soon cross the line, even after a week that left much of the industry frustrated.
He speaks on a podcast with SkyBridge Capital founder Anthony Scaramucci, president of Galaxy Digital He said the The law of clarity “It will get done” and will likely move to committee in the first week of May. Hence, he indicated that the bill could advance quickly enough for President Donald Trump to sign it in June.
Novogratz says both parties need the bill
His confidence comes after disappointment in the cryptocurrency sector that the Senate Banking Committee had not scheduled a hearing by Friday, despite expectations of a hearing this week. This delay has raised new doubts about whether the legislation is being pushed back again.
Novogratz believes that political incentives still point to action. He said the bill is “extremely important” for both Democrats and Republicans, a comment that reflects how the industry increasingly views market structure legislation as one of the few cryptocurrency issues with true bipartisan appeal.
The bill is important because it will help determine how digital assets are classified and regulated in the United States, something the sector has been calling for for years. Without it, companies will continue to operate through a patchwork of enforcement signals, court rulings, and agency interpretations.
The token remains the biggest prize
Novogratz also used the conversation to emphasize what he sees as the real positive side. In his telling, the legislation would make it easier for large organizations and private companies, including names like SpaceX and Google, to tokenize and sell it globally.
This is a familiar idea from the pro-crypto side, although it is still important. The Clarity Act is not merely marketed as a defensive measure to reduce regulatory confusion. It is also framed as the legal basis for a much broader scope Coding market.
It remains uncertain whether Congress is moving so quickly. But Novogratz’s statements make one thing clear enough. The industry does not view the latest delay as the end of the process. She sees it as another delay before a bill that she still expects will become central to the next phase of US cryptocurrency policy.
