Novogratz: CLARITY Act nearing finalization, urges bipartisan Senate action

Mike Novogratz said the CLARITY Act is nearing finalization, calling on bipartisan cooperation to push it through the Senate. The bill, which would create a market structure for digital assets, cleared key hurdles. It has not been scheduled for a floor vote.

The August recess narrows the window for action. Senate Majority Leader John Thune's scheduling decisions will determine whether the bill advances before the break, Novogratz's comments indicated. Failure to move by then could stall its prospects into 2026.

Statements from President Trump or Treasury Secretary Scott Bessent could also shift sentiment, the crypto investor said. The bill's progress depends on the legislative calendar and bipartisan will.