Galaxy Digital CEO Michael Novogratz emphasized that if the US Clarity Bill does not make progress, cryptocurrency regulation will be delayed for a long time, and in the worst case, it could effectively be scrapped. He stated via X, "This situation will not only be a major negative for the United States but could also further accelerate the trend of cryptocurrency companies and the industry leaving the US and relocating overseas. The digital and blockchain revolution itself will continue. While the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may establish relevant regulations and create an environment for companies to start businesses over the next two years, regulatory uncertainty will remain in the long term. Bipartisan senators must consider the broader trend of the cryptocurrency industry beyond immediate interests."
