Saylor Warns Against Turning Temporary Crypto Rules Into Permanent Restrictions

Strategy Executive Chairman Michael Saylor argued that crypto is 'better off' pursuing supportive rules from federal regulators than accepting restrictions written into the final Digital Asset Market Clarity Act (CLARITY Act) compromise.

In a recent post, Saylor called the bill's rejection a 'positive inflection point' for the sector. He warned that laws can make restrictions permanent and pointed to specific limits in the text, such as capping participating firms at 25 employees and each commission at 20 project approvals a year.

Saylor cited the U.S. Securities and Exchange Commission's (SEC) decision to use existing authority to grant conditional relief for onchain trading of certain tokenized stocks, and said that Chairman Paul Atkins had described letting markets develop before following temporary relief with durable rulemaking.

He also noted that Commodity Futures Trading Commission (CFTC) Chairman Michael Selig backed CLARITY but committed to using existing authority in case the bill failed to pass, directing staff to explore rules for leveraged or margined crypto trading through regulated markets. Treasury Secretary Scott Bessent tied stablecoin implementation to American growth and the dollar's global role.