UPDATE: Mike Novogratz says the CLARITY Act is close. Now it's up to both parties to put politics aside and get it across the finish line.

What happened

Mike Novogratz said the CLARITY Act is close to passage and urged both parties to set aside politics and finish the legislation.

Confirmed

Global impact / market context

If the CLARITY Act becomes law, it would give the crypto industry a single set of federal rules, reducing uncertainty and helping companies plan investments and operations.

Analyst inference

Crypto markets have been reacting to a patchwork of state and federal rules; a clear federal framework could calm volatility and attract more capital to digital‑asset projects.

Analyst inference

What to watch

1. Whether congressional leaders schedule a bipartisan vote on the CLARITY Act in the coming weeks, which would move the bill toward final approval. Proposed
2. Statements from key lawmakers on both sides of the aisle indicating willingness to compromise on the CLARITY Act’s language. Proposed
3. Any public comments from regulatory agencies about the next steps for implementing the CLARITY Act if it clears Congress. Proposed

Evidence

• x.com