Galaxy CEO warns US crypto legislation at risk if Clarity Act stalls in Senate vote

Crypto stocks are declining as investors await the Federal Reserve decision and the Clarity Act vote. The Galaxy CEO warned that if the Clarity Act stalls in the Senate, US crypto legislation faces significant risks. He emphasized that prolonged regulatory uncertainty in the United States could drive the industry offshore. Such a shift would negatively impact innovation and global competitiveness, as firms seek more stable environments outside the US to operate their digital asset businesses.