5 Big Impacts of US Crypto Regulation: Novogratz Predicts Market Cycles Will Change Forever

Jakarta, Pintu News – A cryptocurrency regulatory revolution is taking place in the United States. Mike Novogratz, CEO of Galaxy Digital, said two new laws in the US will fundamentally change the landscape of the global crypto market.

In his interview with Bloomberg, he explained that this new policy could halt the four-year crypto market cycle that many investors have believed in. Here are five major impacts this regulatory change could have on the crypto market.

1. Two Key Bills: GENIUS Act and CLARITY Act Ready to Change Market Direction

Mike Novogratz called the passage of two key pieces of legislation, the GENIUS Act (for the regulation of stablecoins) and the CLARITY Act (which clarifies the jurisdiction of regulatory agencies over digital assets) as game changers. According to him, these two regulations will trigger a new wave of participation in the crypto market.

Quoted from Cointelegraph, Novogratz said that this law gives legality to the use of stablecoins on various platforms, including iPhones and social media. With a strong legal foundation, retail and institutional investors now have greater confidence to participate.

Also Read: 5 Key Points of Arthur Hayes’ Analysis: Bitcoin (BTC) Could Reach Rp56 Billion by 2028?

2. Potential End to Bitcoin’s Quadrennial Cycle

Up until now, the crypto market has been known to follow a four-year cycle pattern, which is generally influenced by the Bitcoin halving moment. However, Novogratz thinks that with this new regulation, the pattern could change as investors will no longer sell their assets at peaks like 2017 and 2021.

He stated that the steady presence of new users supported by the law could create more sustainable long-term demand. This means that the market will be less dependent on traditional momentum cycles.

3. CLARITY Act Seen as a “Fast Train” for Market Regulation

Brian Armstrong, CEO of Coinbase, expressed similar optimism towards the CLARITY Act. In a statement on September 17, Armstrong referred to the bill as a “freight train leaving the station”-a sign that it is moving quickly to be passed by Congress.

Meanwhile, US House of Representatives member French Hill also said that the House Financial Services Committee hopes to take action on this bill in October or November 2025. This clearer regulation is considered very important to bring legal certainty for crypto market participants.

4. Legal Stability Can Attract New Investors on a Large Scale

One of the reasons many investors refrain from crypto is legal uncertainty. With the passage of the GENIUS Act and CLARITY Act, Novogratz believes there will be a surge in participation, especially from institutional and fintech circles.

He emphasized that previously, stablecoins have not been legally authorized for use in smartphone applications. Now, with legal status, stablecoins like USDC and USDT can be integrated into the tech ecosystem at large-driving faster and wider adoption.

5. Political Challenges Remain, but Bipartisan Support Increases

Although there are concerns that the Democratic Party could reject this bill, Novogratz stated that there are enough Democrats who now understand the positive potential of crypto. He even said it would be “stupid” for any party to be anti-crypto in the current era.

He also responded to the issue of the Trump family’s involvement in crypto by emphasizing that as long as there is no unlawful conflict of interest, business involvement by a family of officials is not illegal. Novogratz believes that the SEC will act if necessary.

Also Read: Deutsche Bank Predictions About Bitcoin (BTC) Becoming Central Bank Reserves in 2030!

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Reference:

• Martin Young / Cointelegraph. Crypto policy shift to bring cycle-breaking wave of investors: Novogratz. Accessed September 25, 2025