Galaxy CEO: If the Clarity Act fails to make progress, the industry will be forced to move overseas; politicians should put the big picture first.

BlockBeats news, September 15: Galaxy CEO Mike Novogratz posted that if the Clarity Act does not make progress tomorrow, we may not get crypto regulation for a very, very long time—if ever.

This would be terrible for the U.S. and would force more parts of our industry to move overseas. The digital and blockchain revolution will continue. The SEC and CFTC still need another two years to formulate rules and allow businesses to get started. But prolonged uncertainty is bad.

Mike Novogratz called on senators from both parties to see the big picture.