Galaxy Digital CEO Mike Novogratz put 70% odds on the CLARITY Act passing and said Bitcoin (CRYPTO: BTC) needs to break $84,000 to trigger a move to $100,000.
CLARITY Act Momentum Building
Novogratz explained that Republicans need to get the bill done because they campaigned on it. Sen. Thom Tillis (R-SC) was holding things up around banking issues and Trump ethics provisions, but appears ready to let those go to committee.
“There’s still some work to do on the Democratic side,” Novogratz noted. He plans to fly to Washington next week to meet with senators and make the case that America needs the legislation.
Novogratz framed the CLARITY Act as essential for selling American brands globally through tokenization of mortgages, equities, and private assets.
He pointed out that five to six billion people cannot call a broker and buy Apple stock, but tokenization changes that dynamic.
The $84,000 Bitcoin …
