According to CoinMeta, Mike Novogratz, CEO of Galaxy Digital, stated that if the Clarity legislation cannot be advanced by September 16 (UTC +8), the United States may face a prolonged lack of crypto regulation, which could force more industries to move overseas. He believes that the digital and blockchain revolution will continue, and it may take two years to establish rules and allow companies to get off the ground for SEC and CFTC. However, the long-term uncertainty is not favorable. He called on senators from both parties to consider the bigger picture.