Galaxy Digital CEO Mike Novogratz has called for a compromise on the U.S. crypto market structure bill, known as the CLARITY Act, amid significant industry opposition. Novogratz emphasized the necessity of passing the legislation for sustainable growth, despite resistance from major players like Coinbase. The bill aims to establish clear regulatory frameworks for digital assets, addressing jurisdictional boundaries between the SEC and CFTC. The CLARITY Act has sparked debate due to its potential impact on tokenized stocks, DeFi protocols, regulatory authority shifts, and stablecoin features. Coinbase and others have raised concerns that the bill could stifle innovation. Novogratz, however, argues that even an imperfect law can provide much-needed regulatory certainty, which can be refined over time. As global financial centers advance their own frameworks, the U.S. faces pressure to establish clear regulations to maintain its competitive edge.