CLARITY Act Stalls, Saylor Predicts More Capital for Bitcoin
Strategy Executive Chairman Michael Saylor predicts that the stalled CLARITY Act could shift more capital towards Bitcoin as regulators move ahead without Congress.
The bill, which aimed to provide clarity on U.S. crypto regulations, failed to advance in the Senate with a 49-50 vote, falling short of the required 60 votes.
Saylor believes that even without the CLARITY Act, regulators can continue using existing law to move forward with crypto rules under their current authority.
He expects banks to increase their Bitcoin custody offerings and Bitcoin-backed lending, directing more capital towards Bitcoin and other forms of digital credit.