Michael Saylor: Stalled CLARITY Act Will Not Hinder Bitcoin Progress

Michael Saylor, founder of MicroStrategy, stated that the stalling of the CLARITY Act in the Senate will not impede the development of the Bitcoin industry. He expects regulatory agencies to continue enforcement under existing laws and anticipates increased institutional adoption of Bitcoin custody and lending services. Saylor also noted that the GENIUS Act is expected to drive stablecoin adoption, suggesting the industry does not need to wait for new congressional legislation.