Galaxy Digital CEO Mike Novogratz anticipates a significant influx of investors due to two pivotal U.S. crypto bills, the GENIUS and CLARITY acts. He believes these legislative measures will disrupt the traditional four-year market cycle by providing regulatory clarity, particularly in stablecoin oversight and agency authority, thus encouraging broader participation via mobile and social platforms. The current market downturn, marked by nearly $200 billion in losses, is attributed to Chinese miner sell-offs and negative remarks from Arthur Hayes on Hyperliquid. Despite this, Coinbase CEO Brian Armstrong shares Novogratz's optimism regarding the CLARITY bill, although Novogratz cautions about potential Democratic resistance due to concerns over Trump family connections.