It says you can only get it from the latest raid, so if you're doing Krayt, you get the currency. Once they release a new raid, if you can't do that one, you are no longer getting it.
Except... I really don't see much problem here.
If you participate at all you get HAAT + PIT
If you participate successfully, you get HSTR
Whether you, personally, are successful at the raid or not, your guild progress on the raid grants you the new currency and whatever else the guild rewards include.
Does this mean that your rewards will temporarily drop for many people who brought the Krayt featured factions to relic but still have a patchy roster overall?
Absolutely.
Does it mean that they will no longer get ANY of the new currency (i.e. "you are no longer getting it"), no. Of course not.
The Krayt raid features one sexy, recent upgraded faction, and a bunch of older factions. I would expect that future raids would be set up similarly until I see evidence to the contrary.
For those with all GLs, there's no problem. You'll probably always have 1 GL eligible + you probably have a deep roster more generally.
For other people there are going to be some difficulties in transition, but they're clearly making it possible to participate and progress by tuning each new raid's easiest level to g10.
But assuming that CG announces new raids in advance the way they're announcing the Krayt raid in advance, that means you have time to get a bunch of toons to g10-g12. There will probably be 1-3 marquees for each new raid (based off this case of 2). There will be one GL, which, admittedly, takes a lot of work but also will come from a faction with a lot of firepower. You may go from owning the GL for one raid to not having an eligible GL for the next one.
But remember: your "new currency" comes from how well the guild as a whole performs. And those new currency rewards max out when the raid is defeated.
Your personal rewards are guaranteed to replace Pit & HAAT, so as long as you belong to a guild with a diverse set of GLs and medium to strong rosters, some group of folks in the guild will be killing the raid for you to get your new currency and the only worry at that point is whether your personal performance is enough to replace HSTR rewards.
It really looks to me like there will be few guilds whose performance falls so far that they can finish one raid but not the next. And while individual performances will definitely fall off for a lot of folks, that doesn't affect the New Currency.
In my view, the idea that NC would be taken away every time a new raid comes out is largely contrary to what I'm seeing in CG's information.
Could it happen that way? Yes. They could make make each raid insanely hard to beat for any but the strongest guilds, such that every time there's a new raid many guilds that were beating the old one will fail to beat the new one. AND it could even be so hard that guild progress for many guilds earns precisely zero of the new currency.
Is that the interpretation that makes the most sense based on what we have? No it is not.
While I cannot prove for certain that the statement about NC being taken away will not prove true for some guilds at some point, it's much more likely that medium strength guilds will take a mild to moderate dip in NC raid rewards but not entirely losing access to the currency, then getting it all back as teams are brought up to relic and strategies & theory crafting improve. I doubt strong guilds will notice much drop off at all, and quite a number of guilds at the top will never experience a drop, or if they do, they might experience one on the first 1-2 raids total, not needing new teams just needing to get up to speed on strategy.