Michael Saylor: After CLARITY Act Stalls, US Regulators May Advance Crypto Oversight Under Existing Laws

PANews, September 16 - Michael Saylor, founder of Strategy, stated that with the CLARITY Act stalled, he expects the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and the Treasury Department to continue advancing digital asset regulatory rules under existing laws, without waiting for Congress to complete legislation. He expects banks to expand Bitcoin custody and Bitcoin-collateralized lending businesses, with more funds flowing into Bitcoin and digital credit. He also expects the GENIUS Act to support further stablecoin adoption, and that the crypto industry's development need not pause due to the CLARITY Act's stagnation.