Regulation· ★★★★· neutral·

Novogratz: CLARITY Act failure would leave U.S. without crypto rules for long

  • Novogratz: without the CLARITY Act, the U.S. risks never getting crypto rules
  • The Senate vote on the bill is set for September 15
  • The Galaxy Digital head urged senators from both parties to back the bill
  • He suggested the SEC and CFTC could spend another two years writing rules
Why it matters: The vote's outcome will determine the U.S. regulatory environment and the risk of crypto companies moving abroad.
Source: PANews