Michael Saylor Criticizes Additional Restrictions in Clarity Act Compromise

Michael Saylor, chairman of Strategy (MSTR), argued on X that regulatory reform and the expansion of digital asset products should be prioritized over accepting additional restrictions in the Clarity Act compromise. Saylor noted that the compromise could limit rewards for customers holding payment stablecoins, among other provisions. He emphasized that while laws protect rights, they can also entrench limitations. Saylor stated that the SEC, CFTC, Treasury, and banking sector can expand regulations and financial services under existing law. 'Progress doesn't require waiting for Congress,' he said, urging continued expansion of Bitcoin custody, lending, and digital asset product offerings.