Galaxy CEO: If the CLARITY Act vote is blocked on Tuesday, the U.S. may not see crypto legislation for a long time.

BlockBeats news, September 15 — Galaxy CEO Mike Novogratz said that if the Digital Asset Market Structure Act (CLARITY Act) fails to advance in Tuesday's U.S. Senate vote, the United States may not pass cryptocurrency-related legislation for "a very, very long time, or even ever."

Novogratz warned that further delays in the legislative process could force more crypto industry participants to move their operations outside the United States.