'This Is How America Wins': Mike Novogratz Calls On The Senate To 'Pass The Clarity Act' - Coinbase Globa

The U.S. has a lot to lose if it fails to pass cryptocurrency market structure legislation and even more to gain if it does, Galaxy Digital (NASDAQ:GLXY) CEO Mike Novogratz says. "Pass the Clarity Act," Novogratz said in an X post on May 12. "This is how America wins." Failure to pass the Clarity Act could push the cryptocurrency industry offshore to the detriment of U.S. users, he said. Don't Miss: However, Novogratz said there was more at stake than the offshoring of the cryptocurrency industry. The Clarity Act will encourage tokenization, allowing billions of people to invest in U.S. equities and treasuries, he said, framing it as a means of power projection. Trending: Real estate, crypto, private deals, and more -- see why investors are turning to self-directed IRAs through IRA Financial Novogratz's remarks came before the Senate Banking Committee on May 14 voted 15-9 largely along party lines to advance the bill to the full Senate. "A real moment for American competitiveness," Novogratz said in an X post following the vote, lauding Sens. Ruben Gallego (D-AZ) and Angela Alsobrooks (D-MD) for crossing party lines to vote to advance the bill. Read Next: Building Wealth Across More Than Just the Market Rad AI Immersed Connect Invest rHealth rHealth is building a space-tested diagnostics platform designed to bring lab-quality blood testing closer to patients in minutes rather than weeks. Originally validated in collaboration with NASA for use aboard the International Space Station, the technology is now being adapted for at-home and point-of-care settings to address widespread delays in diagnostic access. Backed by institutions including NASA and the NIH, rHealth is targeting the large global diagnostics market with a multi-test platform and a model built around devices, consumables, and software. With FDA registration in progress, the company is positioning itself as a potential shift toward faster, more decentralized healthcare testing. Arrived Masterworks Lightstone AdviserMatch Accredited Debt Relief Image: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.