Strategy Inc. and Michael Saylor declared support for the CLARITY Act on July 31 as Senate lawmakers faced mounting pressure to advance comprehensive cryptocurrency rules. Their support connects the legislation with institutional adoption, market growth, and clearer protections for digital asset ownership.
Key Takeaways
Strategy and Michael Saylor publicly endorsed the CLARITY Act.The Senate proposal divides crypto oversight between two regulators.The measure gained backing as institutional interest in crypto grows.Strategy declared:
“We support the bipartisan CLARITY Act. It establishes a clear framework for the growth of digital asset markets, accelerates institutional adoption, strengthens consumer protections, and safeguards the right of individuals to own and control their digital assets.”
Saylor wrote:
“I support advancing the CLARITY Act through bipartisan work to establish clear, durable rules, protect property rights, promote innovation, and strengthen American capital markets. Bitcoin will succeed with or without legislation, but America needs clarity for digital assets.”
The endorsement comes as the Senate considers a market structure framework assigning responsibilities between the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), while establishing registration routes for exchanges, brokers, dealers, and custodians.
Strategy’s Bitcoin Strategy Extends Beyond Regulation Political Pressure Builds as Senate Timeline Tightens
