🚨 Saylor: The Stalling of the CLARITY Act Won't Stop Crypto Regulation in the US! 🇺🇸₿
After the CLARITY Act failed to clear the procedural vote in the Senate, Michael Saylor stated he expects US regulators to act using existing laws and authorities rather than waiting for Congress. Indeed, the roles of the SEC and CFTC have become even more critical following the legislation's setback.
According to Saylor’s outlook, the coming phase could see:
🏦 Banks expanding into Bitcoin custody services
₿ An increase in loans and financing using BTC as collateral
⚖️ New rules from the SEC, CFTC, and Treasury Department within existing mandates
💰 A greater flow of capital into Bitcoin and what he terms "Digital Credit"
The SEC hasn't waited entirely on Congress; it has already proposed a "Regulation Crypto Assets" framework to clarify the regulatory treatment of crypto, while the SEC and CFTC previously issued joint guidance regarding the classification of certain crypto assets and activities.
👀 Saylor’s message is clear: The CLARITY Act may have stalled, but the path toward integrating Bitcoin into the US financial system could continue through regulators and banks.
⚠️ However, rules issued by agencies may be less stable than legislation passed by Congress and could change under future administrations.
$BTC
$MSTR
After the CLARITY Act failed to clear the procedural vote in the Senate, Michael Saylor stated he expects US regulators to act using existing laws and authorities rather than waiting for Congress. Indeed, the roles of the SEC and CFTC have become even more critical following the legislation's setback.
According to Saylor’s outlook, the coming phase could see:
🏦 Banks expanding into Bitcoin custody services
₿ An increase in loans and financing using BTC as collateral
⚖️ New rules from the SEC, CFTC, and Treasury Department within existing mandates
💰 A greater flow of capital into Bitcoin and what he terms "Digital Credit"
The SEC hasn't waited entirely on Congress; it has already proposed a "Regulation Crypto Assets" framework to clarify the regulatory treatment of crypto, while the SEC and CFTC previously issued joint guidance regarding the classification of certain crypto assets and activities.
👀 Saylor’s message is clear: The CLARITY Act may have stalled, but the path toward integrating Bitcoin into the US financial system could continue through regulators and banks.
⚠️ However, rules issued by agencies may be less stable than legislation passed by Congress and could change under future administrations.
$BTC
$MSTR