Momentum around the U.S. CLARITY Act hangs in the balance as Galaxy Digital CEO Mike Novogratz predicts a May breakthrough for the long-stalled legislation. Speaking with Anthony Scaramucci, Novogratz framed the bill as "wildly important" for bipartisan politics and crypto markets alike, suggesting potential enactment by June.

Contrasting views emerge within Galaxy itself. While Novogratz exudes confidence, head of research Alex Thorn assigns mere 50/50 odds for passage by 2026, warning that delays past mid-May would severely diminish prospects. Senator Cynthia Lummis underscored the urgency, calling this "our last chance until at least 2030."

The proposed framework would finally establish clear digital asset regulations—a white whale for the industry. Novogratz highlighted crypto's potential to bankroll the unbanked, noting mobile wallets could connect 5.5 billion globally excluded from traditional finance. Tokenization features prominently in his vision for economic inclusion.