Michael Saylor Calls CLARITY Act Rejection A ‘Positive Inflection Point’ For Crypto Industry

• Strategy's Michael Saylor said on Saturday that crypto was "better off" with regulator rules than the CLARITY Act's rules.

• He called the bill's rejection a "positive inflection point," and warned that laws could make restrictions permanent.

• Saylor cited SEC, CFTC and Treasury moves as proof regulators can act under existing authority.

Strategy (MSTR) Executive Chairman Michael Saylor argued that the digital assets industry was "better off" pursuing supportive rules from federal regulators than accepting the restrictions written into the final Digital Asset Market Clarity Act (CLARITY Act) compromise.

Saylor called the bill's rejection a "positive inflection point" for the sector on Saturday. "A law can make a restriction durable just as easily as it can make a right durable," he wrote in an accompanying post. "Before celebrating permanence, we should examine what we are making permanent."

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He pointed to specific limits in the text. The September compromise would have barred covered providers from paying customers simply for holding payment stablecoins, according to Saylor, while its innovation sandbox would have capped participating firms at 25 employees and each commission at 20 project approvals a year.