Michael Saylor, founder and chairman of Strategy, has said that the blockage of the Clarity Act is actually beneficial for the digital asset space. US senators largely rejected the long-awaited bill last Tuesday, with 49 votes in favor and 50 against. This legislation aimed to formally divide regulatory oversight between the SEC and CFTC to distinguish which digital assets are securities, commodities or stablecoins. Saylor argues that regulators like the SEC and CFTC are continuing to develop rules anyway, which should benefit crypto companies. President Donald Trump had nevertheless urged Congress to pass the bill, which had contributed to a bitcoin rally last month.
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