Mike Novogratz, CEO of Galaxy Digital, predicts that newly passed crypto legislation in the U.S., including the GENIUS Act regulating stablecoins and a bill outlining regulatory agency jurisdictions, will attract a fresh wave of investors into the crypto market, potentially disrupting the traditional four-year market cycle. Novogratz emphasized that with stablecoins now accessible through smartphones and social media, new participation will surge, making the current cycle differ from those in 2017 and 2021. Discussions on the CLARITY Act also indicated optimism about future regulatory clarity. Despite concerns about potential pushback from Democratic lawmakers due to ties to the Trump family, Novogratz believes sufficient bipartisan support exists for the legislation. Additionally, he assessed a recent market downturn, attributing it to large-scale selling by Chinese miners and bearish sentiments surrounding Hyperliquid, viewing it as a temporary pullback rather than a long-term trend.

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