Mike Novogratz criticized Congress after bipartisan negotiations on the Clarity Act failed, saying political intransigence and ethics concerns prevented a compromise reached after 18 months of discussions. He said both parties prioritized their positions over the crypto industry’s long-term health. The breakdown has renewed uncertainty over the future of U.S. crypto regulation and may weigh on investor confidence. Novogratz also suggested crypto may not rank among voters’ top issues as elections approach, with inflation and immigration taking precedence. Major crypto assets are showing mixed momentum, while the broader market has recorded no substantial price movements as traders await clearer signals from Congress. The Clarity Act aims to establish how digital assets are classified and regulated in the United States. Traders are watching whether political debate and the approaching elections hinder or facilitate legislative progress, with regulatory uncertainty potentially increasing volatility.