Crypto
Saylor: Crypto Industry Sees Growth Opportunities in CLARITY Act Setback
Michael Saylor, founder of Strategy, believes that the recent setback to the CLARITY Act is a positive development for the crypto industry.
The bill's failure to pass the Senate gives the industry more room for growth and innovation, according to Saylor.
He thinks regulators still have time to create new rules for the space, turning restrictions into law.
Saylor urged crypto companies to work with federal regulators to create new rules without accepting restrictions included in the bill.
He called this a 'positive inflection point' for the industry and encouraged companies to focus on creating products that delight customers and deploy them broadly, rather than waiting for the CLARITY Act to proceed.