⚖️ CLARITY ACT: 🏛️ Novogratz urges Congress to finish the deal The debate over the CLARITY Act is entering its most critical phase as the crypto industry increases pressure on Congress to reach an agreement before the August legislative recess. Galaxy Digital CEO Mike Novogratz said negotiations have narrowed to the final details, identifying the bill’s ethics provision as the main issue still dividing Republicans and Democrats. The legislation aims to establish the first comprehensive federal framework for digital assets in the United States by defining the respective roles of the SEC and the CFTC, creating clearer rules for market participants and providing greater regulatory certainty for the industry. Bipartisan negotiations have been underway for months, with discussions still focused on ethics requirements, protections for DeFi developers and other market oversight provisions. Even so, lawmakers are expected to push for Senate consideration before Congress adjourns in early August. Industry leaders argue that a clear regulatory framework could encourage innovation, strengthen consumer protections and keep digital asset activity within the United States. Whether that happens now will depend on lawmakers' ability to reach consensus on the remaining issues.