Michael Saylor · Strategy · Bitcoin · CLARITY Act · Bitcoin Magazine
Strategy Founder Michael Saylor Argues Clarity Act Collapse Is a Win
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Saylor has argued that the digital asset industry can work well with regulators alone.
Key facts
- Senators on Tuesday mostly voted against advancing the legislation, 49 for and 50 against, that the digital asset industry has long called
- Bitcoin treasury founder and pioneer Michael Saylor has said that the blockage of the Clarity Act is good for the digital asset space
- Despite the hurdle, regulators like the Securities and Exchange Commission and the Commodity Futures Trading Commission are pushing ahead with rulemaking
- Lawmakers this week blocked long-awaited crypto legislation, the Clarity Act, which aims to formally divide oversight between regulators
Summary
Bitcoin treasury founder and pioneer Michael Saylor has said that the blockage of the Clarity Act is good for the digital asset space. Writing on X on Saturday, the Strategy founder and chair said that legislation can make restrictions permanent as easily as rights. Lawmakers this week blocked long-awaited crypto legislation, the Clarity Act, which aims to formally divide oversight between regulators. Despite the hurdle, regulators like the Securities and Exchange Commission and the Commodity Futures Trading Commission are pushing ahead with rulemaking.