Galaxy Digital's leader Michael Novogratz recently discussed the prospects of the CLARITY Act in an interview with CNBC. His perspective is quite interesting—while acknowledging that the bill is not perfect, he thinks it's not a big problem. Why? Because it can always be improved through amendments later on.

In his view, the crypto industry ultimately needs to reach some kind of compromise with regulators. This process might not satisfy everyone, including industry practitioners. However, Novogratz believes that having a relatively acceptable policy framework is always better than having none at all.

He emphasizes that the core message is: the bill must be pushed through. Only then can the industry have a clear regulatory path to continue moving forward. In other words, perfection is an ideal, but progress is a practical necessity. This pragmatic attitude reflects the industry's desire for policy progress—even if it means compromising to move forward.