Galaxy Digital CEO Mike Novogratz called for Democrats and Republicans to reach a compromise and advance the CLARITY Act, saying the bill is critical to the future of the United States. According to his remarks, the legislation is now down to polishing language tied to ethics-related provisions. Novogratz argued that the public does not accept politicians having financial investment advantages that ordinary Americans do not have, and said lawmakers in both parties are aware of that reality and have seen the relevant polling. He urged Republican senators to apply more pressure on the White House, while also saying Democratic senators should recognize that a single digital asset bill cannot be expected to solve every form of corruption across the country. He added that Congress should show the public it can still function normally and pass legislation in the long-term interests of the American people.
Galaxy Digital CEO Mike Novogratz has called on both U.S. parties to compromise and push the CLARITY Act ahead.
Novogratz said the CLARITY Act is critical to the future of the United States and described it as highly important. He said the bill has been narrowed to final wording work on ethics-related provisions.
He also said the American public does not allow politicians to hold special advantages in financial investing that ordinary people do not have. According to Novogratz, lawmakers from both the Republican and Democratic parties understand that point and have seen the related polling data.
From there, he urged both sides to read the current public mood clearly. Novogratz said Republican senators need to put more pressure on the White House. He added that Democratic senators should also understand that a single digital asset bill cannot be relied on to fix every layer of corruption across the United States.
He said Congress should prove to the public that it can still do its job normally and continue advancing legislation for the long-term interests of the American people.
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