Michael Saylor Says Banks Will Lend Against Bitcoin Without Congress. Deutsche Bank Is Already Waiting for Approval.

Michael Saylor insists banks can lend against Bitcoin right now without waiting for Congress, and Deutsche Bank is already lining up to do exactly that. But the legal ground banks are standing on may be shakier than anyone wants to…

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Michael Saylor believes Bitcoin (CRYPTO:BTC) lending is coming to mainstream banking with or without new legislation from Congress. The MicroStrategy chairman’s comments come as Deutsche Bank reportedly positions itself to offer Bitcoin-backed lending once it secures the necessary internal and regulatory sign-offs. 

If Saylor’s prediction holds, it could accelerate Bitcoin’s integration into traditional finance and reshape how banks assess digital-asset-backed loans. With Bitcoin trading near $76,000 today, how can banks currently lend against Bitcoin, and would there be any ripple effect on Bitcoin’s price? 

Why Can Banks Lend Against Bitcoin Without Congress?

Michael Saylor, Chairman of MicroStrategy, wrote that with the CLARITY Act stalling in Congress, he expects the SEC and CFTC to advance crypto rules under existing law, and for banks to expand Bitcoin custody and loans against it as a result. Unlike the other tokens the CLARITY Act was meant to classify, Bitcoin already has a settled legal status as a CFTC-regulated commodity with SEC-approved spot ETFs, so its path into bank lending doesn’t depend on Congress resolving anything new.