Michael Saylor Proposed Alternative Path for Crypto Market after Failure of CLARITY Act

• Michael Saylor named the main safeguard for the crypto market after the CLARITY Act failed.
• The Strategy co-founder urged the crypto industry to bet on mass adoption of digital products.
• In particular, he emphasized the need to scale bitcoin, stablecoins, and tokenized assets.

Strategy co-founder Michael Saylor urged the cryptocurrency industry to focus on mass adoption of digital financial products after the U.S. Senate failed to advance the CLARITY Act. Strategy’s executive chairman believes that a broad user base can become an additional safeguard for the industry against future shifts in regulatory policy.

Saylor: Industry Needs Not Only Laws but Also Users

In the post “Digital Assets After CLARITY: The Best Protection Is Adoption,” Saylor said the digital asset industry can move forward under rules from the SEC, the CFTC, the U.S. Treasury, and banking regulators, even despite the restrictions envisioned in the compromise version of the CLARITY Act.

“Our safest path forward is to create products that delight customers and deploy them broadly,” Saylor noted. 

He stressed that lower costs, easier access to financial services, and greater control over funds can generate public support for the continued development of digital assets.