Based on HashNews, Galaxy Digital CEO Mike Novogratz stated that two key U.S. crypto bills, the GENIUS and CLARITY acts, could trigger a new wave of investors and disrupt the traditional four-year market cycle. Novogratz highlighted that the recent regulatory clarity, including stablecoin oversight and agency authority, would enable broader participation, especially through mobile and social platforms. He also noted that the current market downturn, which saw nearly $200 billion in losses, was partly due to Chinese miner sell-offs and Arthur Hayes' negative comments on Hyperliquid. Coinbase CEO Brian Armstrong echoed optimism about the CLARITY bill, while Novogratz warned of potential Democratic opposition due to concerns over Trump family ties.
Novogratz Predicts New Investor Wave from U.S. Crypto Legislation
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