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‘Bitcoin Doesn’t Need CLARITY:’ Michael Saylor Responds to Bill’s Delay

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The big news over the past 12 hours is the delay of the highly anticipated CLARITY Act in the US, and numerous prominent figures in the cryptocurrency space have commented on it.

Michael Saylor has stayed true to himself, focusing only on Bitcoin. In his post on the matter, the co-founder of Strategy noted that Bitcoin does not need CLARITY, but America does.

Saylor doesn’t believe the market leader requires certain regulations to thrive, but he expressed his support for the bill last week. At the time, he noted that bipartisan work to establish clear, durable rules, protect property rights, promote innovation, and strengthen American capital markets is required for both the nation and the rest of the crypto market.

Recall that the most anticipated legislation faced another setback hours ago as the US Senate delayed voting on it before the August recess.

Senate Majority Leader John Thune confirmed the lack of a vote now but said the bill is set to return in focus once the Senate returns in September.

“The Dems are insistent on no CLARITY vote… I worked with sponsors of the bill. Senator Lummis was great, and we’re getting that queued up first thing when we come back,” he said.

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