Galaxy Digital CEO Mike Novogratz warned that if the Clarity Act fails to advance on Sept. 15, U.S. Eastern time, the United States could remain without comprehensive crypto regulation for a prolonged period or even indefinitely. He said that outcome would disadvantage the country and encourage more crypto industry activity to move offshore. Novogratz expects the digital and blockchain revolution to continue, but said another two years of rulemaking by the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator) would be manageable only as a short-term window for companies to begin operating. He urged bipartisan senators to consider the broader national interest.