Michael Saylor has advised the digital asset industry to pursue widespread adoption under existing regulatory frameworks rather than accepting restrictions in the final CLARITY Act compromise. He argues that working within current guidelines from the SEC, CFTC, Treasury, and banking regulators offers a better path forward than legislation that could impose permanent limitations on innovation.
Saylor criticized the September CLARITY compromise for restricting holding rewards on payment stablecoins and limiting community bank deposit transfers, noting these measures would hinder competition. He emphasized that real protection comes from millions of satisfied users benefiting from products like Bitcoin custody, lending, tokenized stocks, and stablecoin payments deployed under the current legal framework.
The MicroStrategy executive urged the industry to use the next two years to develop lower-cost, accessible financial products that build public support. He pointed out that the GENIUS Act already addresses issuer interest payments, making additional restrictions unnecessary and potentially damaging to market development.
Michael Saylor Urges Digital Asset Industry to Prioritize Adoption Over CLARITY Act Compromise
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