- Mike Novogratz said the US CLARITY Act will likely move to committee in the first week of May.
- He argued the bill is important for both parties and said it could open the door to tokenizing major private companies.
Mike Novogratz is still betting that Washington gets its crypto market structure bill over the line soon, even after a week that left much of the industry frustrated.
Speaking on a podcast with SkyBridge Capital founder Anthony Scaramucci, the Galaxy Digital chief said the CLARITY Act will “get done” and likely move to committee in the first week of May. From there, he suggested, 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 across the crypto sector that the Senate Banking Committee did not schedule a markup hearing by Friday, despite expectations that one might happen this week. That delay had prompted fresh doubts about whether the legislation was slipping again.
Novogratz’s view is that the political incentives still point toward action. He said the bill is “wildly important” for both Democrats and Republicans, a comment that reflects how the industry increasingly sees market structure legislation as one of the few crypto issues with real bipartisan gravity.
The bill matters because it would help define how digital assets are classified and regulated in the United States, something the sector has been demanding for years. Without that, firms are still left operating through a patchwork of enforcement signals, court rulings and agency interpretations.
Tokenization remains the bigger prize
Novogratz also used the conversation to underline what he sees as the real upside. In his telling, the legislation would make it easier for large institutions and private companies, including names like SpaceX and Google, to be tokenized and sold globally.
That is a familiar pitch from the pro-crypto side, though still an important one. The CLARITY Act is not only being sold as a defensive measure to reduce regulatory confusion. It is also being framed as the legal groundwork for a much broader tokenization market.
Whether Congress moves that fast is still uncertain. But Novogratz’s remarks make one thing plain enough. The industry is not reading the latest delay as the end of the process. It is reading it as one more hold-up before a bill it still expects to become central to the next phase of U.S. crypto policy.
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