Galaxy Digital founder Mike Novogratz has cut his personal odds that the CLARITY Act becomes law this year from roughly 90% to 60%, and he is blaming President Donald Trump for the slide.
Speaking on the “All Things Markets” podcast with Anthony Scaramucci, Novogratz said the administration’s $1.776 billion taxpayer-funded settlement fund and Treasury’s newly unveiled $250 bill bearing the president’s face are making it harder for Senate Democrats to back the crypto market structure bill.
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Why The Slush Fund And The $250 Bill Matter
Novogratz, who said he plans to travel to Washington this week to lobby Democratic senators directly, argued that political optics are doing more damage than the bill’s text.
