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Novogratz says CLARITY Act hinges on unresolved issues before recess

Novogratz says CLARITY Act hinges on unresolved issues before recess

Mike Novogratz cited developer protections, law enforcement concerns and a tight congressional calendar, while a June 11 Senate meeting failed to resolve ethics provisions ahead of a hoped-for July 4 vote.

Fact Check
The original CoinDesk X post (2026-06-11) states almost verbatim that Novogratz said the CLARITY Act comes down to 2-3 unresolved issues — developer protections, law enforcement concerns, and the congressional calendar with four weeks before summer recess. This is independently corroborated by the Bitget/Cryptonewsland article, which describes the same three issues (developer exemptions, law enforcement alignment, congressional timing). The X archive search shows the CoinDesk post and many reposts, confirming authenticity.
    Reference: 12
Summary

Galaxyhq CEO Mike Novogratz said the CLARITY Act now depends on resolving two to three remaining issues, including developer protections and law enforcement concerns, with Congress having four weeks left before summer recess. Separately, a bipartisan June 11 meeting on ethics provisions tied to a US Senate floor vote ended without agreement, according to Crypto in America. The participants were Senators Kirsten Gillibrand, Ruben Gallego, Bernie Moreno and Cynthia Lummis. White House crypto council executive director Patrick Witt nonetheless said he remained optimistic the crypto market-structure bill could still pass by July 4.

Terms & Concepts
  • CLARITY Act: Proposed crypto market-structure legislation under debate in the United States.
  • developer protections: Legal treatment and liability protections for software developers and protocol contributors under crypto legislation.
  • ethics provisions: Rules on conduct and conflicts of interest that can affect support and timing for legislation.