Saylor Says Bitcoin Doesn’t Need CLARITY After Bill Delay

TL;DR

• Michael Saylor stated that Bitcoin does not need the CLARITY Act, though he clarified that the United States does need it for its capital markets.
• The U.S. Senate delayed the vote on the CLARITY Act before the August recess due to resistance from the Democratic side toward the bill.
• Senate Majority Leader John Thune confirmed that the bill will be reconsidered in September.

Last week, Michael Saylor had publicly expressed his support for the CLARITY Act, noting that the bipartisan effort to establish clear and lasting rules, protect property rights, and promote innovation was necessary both for the United States and for the broader cryptocurrency market. But following the announcement of the Senate delay, the co-founder of Strategy adjusted his stance and posted that Bitcoin does not need the legislation, though America does.

Saylor: Bitcoin Above Any Regulatory Framework

The distinction Saylor drew is crucial. By separating Bitcoin from the rest of the crypto assets, he reinforced his longstanding position that the leading digital asset operates by its own rules and does not depend on any external regulatory framework to consolidate itself as a store of value. Regulation, in his reading, is America’s problem, not Bitcoin’s.

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