Strategy founder Michael Saylor says the digital asset industry could benefit more from supportive regulations than from the restrictions included in the latest CLARITY compromise.

According to ChainCatcher, Saylor believes the focus should be on building useful products, bringing them to more users, protecting ownership, requiring honest disclosures, and taking action against fraud while allowing entrepreneurs to compete and grow.

He said the September CLARITY compromise would have limited certain providers to serving paying customers for holding payment stablecoins. At the same time, qualified activity rewards would have been allowed, while the Treasury could restrict certain rewards if community banks were facing significant harmful deposit outflows.Saylor also pointed out that the GENIUS Act already contains restrictions on stablecoin issuers paying interest or yield.

Another point he highlighted was the CLARITY innovation sandbox. Under the proposal, participating companies would have been limited to 25 employees, while each committee could approve no more than 20 projects per year.

Meanwhile, the SEC provided conditional relief on September 17 for certain on-chain trading involving tokenized stocks. The CFTC chair has also indicated that existing regulatory authority could be used if the CLARITY bill remains stalled.

Looking ahead, Saylor believes useful digital financial products should continue scaling in 2027 and 2028, with temporary regulatory relief eventually turning into permanent rules.

His broader vision is to see around 50 million U.S. voters using digital financial products that can provide practical benefits in their daily lives.

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