Saylor Favors Adoption Over Legislation for Crypto Protection
Michael Saylor, CEO of MicroStrategy, has expressed his opposition to the CLARITY compromise, which he believes would restrict rewards for holding payment stablecoins. He argues that the industry should pursue supportive agency rules instead of accepting the final compromise.
The SEC granted conditional relief on September 17 for onchain trading of certain tokenized stocks, using existing authority. Saylor sees this as an example of agency support and proposes a goal of 50 million satisfied users to raise the political cost of reversing rules.
He suggests that 2027 and 2028 should focus on scaling useful products and turning temporary relief into durable rules. Saylor also notes that current law already allows substantial opportunities for the sector, but a law can make restrictions as durable as it makes rights.