Michael Saylor Says Clarity Act Blockage Is a Win for Crypto

Clarity Act blockage — MicroStrategy founder Michael Saylor has argued that the recent blockage of the Clarity Act in the U.S. Senate is ultimately a positive development for the digital asset industry.

Writing on X, Saylor stated that legislation can “make restrictions permanent just as easily as rights.” He suggested that the industry should use the next two years to innovate rapidly in a free market and create value, rather than waiting for a legislative framework that could impose restrictive rules.

The Clarity Act, which aimed to formally divide regulatory oversight between the SEC and CFTC, failed to advance in the Senate this week with a vote of 49 for and 50 against. The industry had long sought such regulatory clarity.

Saylor pointed to ongoing rulemaking by regulators like the SEC and CFTC as a viable path forward, citing the SEC’s conditional relief for onchain trading of tokenized stocks as an example. He also argued that certain provisions in the stalled bill, such as limits on paying interest for holding stablecoins, would not have benefited the crypto space.