Saylor: Bitcoin Doesn't Need CLARITY Act, US Needs Regulatory Clarity

Michael Saylor, Strategy Chairman of bitcoin, has argued that the cryptocurrency does not need the CLARITY Act, a U.S. digital asset market structure bill, to operate.

The bill aims to more clearly define the legal nature of digital assets in the United States and the jurisdiction of regulators.

Saylor emphasized that bitcoin already operates as a global network regardless of any single country's regulatory framework or legislative action.

However, he suggested that the United States needs such legislation to operate its domestic crypto industry smoothly.