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#Novogratz Predicts #Cycle-Breaking Crypto Wave

#GalaxyDigital CEO Mike Novogratz expects upcoming U.S. crypto legislation to unleash new market participation that could disrupt traditional four-year cycles. The GENIUS Act and CLARITY Act represent key regulatory milestones enabling broader cryptocurrency adoption.

The stablecoin-regulating GENIUS Act became law in July, while the CLARITY Act defines regulatory agency jurisdiction over crypto assets. "With those two bookends of legislation, it's going to unleash a tremendous amount of new participation in crypto," Novogratz told Bloomberg.

#CryptoLegislation could break the pattern many investors associate with $BTC halving cycles occurring roughly every four years. The last halving happened in April 2024, setting the stage for continued institutional growth.

Novogratz believes this cycle differs from previous ones, as investors demonstrate stronger conviction in cryptocurrency's long-term value proposition. The regulatory clarity enables mainstream platform integration and broader user access.

Stablecoins previously faced legal uncertainty preventing integration into iPhones and social media applications. #StablecoinRegulation now provides clarity, enabling mainstream platform adoption and enhanced user experiences.

Coinbase CEO Brian Armstrong shares similar optimism about the CLARITY Act's prospects. "I've actually never been more bullish on the market structure bill getting passed, it's a freight train leaving the station," Armstrong stated on Sept. 17.