Michael Saylor says the CLARITY Act is stalled, but the SEC, CFTC, and Treasury can still advance digital asset rules under existing law. He expects regulators to craft frameworks that enable traditional banks to expand Bitcoin custody and offer Bitcoin-collateralized loans, which could attract more capital and favor digital credit.
Strategy, formerly MicroStrategy, holds hundreds of thousands of BTC, with roughly 40% custodied through Coinbase Custody and additional holdings managed by Anchorage Digital Bank. Saylor argues bank-led custody will open institutional on-ramps for pension funds, endowments and insurers and allow holders to access tax-efficient liquidity without selling positions.
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Michael Saylor says stalled CLARITY Act could accelerate Bitcoin capital flow↗
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Strategy’s Michael Saylor expects regulatory progress for Bitcoin custody without new legislation↗
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✖️ JUST IN — Michael Saylor says: "With CLARITY stalled, I expect the SEC, CFTC, and Treasury to advance rules under existing law, banks to expand Bitcoin custody and loans against it, and more capital to favor Bitcoin and digital credit." "Progress need not wait for Congress."↗
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JUST IN: 🇺🇸 Michael Saylor expects US regulators to advance crypto rules and banks to expand Bitcoin custody and loans despite Clarity Act being stalled.↗