Michael Saylor Says Bitcoin Doesn’t Need CLARITY Act As the Bill Stalls
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The US Senate has postponed the CLARITY Act vote to September after the August recess, extending regulatory uncertainty for crypto markets and delaying potential market-structure reforms. Industry leaders including Michael Saylor and Bitwise CIO Matt Hougan say Bitcoin and crypto can continue to progress without the bill, but the delay keeps regulatory clarity and adoption milestones on hold.
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- The Senate has postponed the CLARITY Act vote to September after the summer recess.
- In response, Michael Saylor stated that Bitcoin doesn’t need the crypto bill.
- Bitwise CIO Matt Hougan previously stated that crypto can progress without the bill.
The much-awaited CLARITY Act is once again stuck in the US Senate as the lawmakers have postponed the crypto bill’s vote to September. While many industry leaders expressed disappointment, Strategy founder Michael Saylor responded with a bold claim. He argued that Bitcoin doesn’t need “clarity,” meaning that the pioneer crypto can continue to grow without the crypto bill.
While many expected the market structure to progress this week before the Senators’ August recess, Senate Majority Leader John Thune announced today that the vote would instead take place when Congress returns after the break. Following the …
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