Saylor Says Bitcoin Can Advance Without Congressional Action

Strategy Executive Chairman Michael Saylor said Bitcoin’s integration into the U.S. financial system does not depend on the passage of the CLARITY Act. He expects federal agencies to move forward with crypto regulations under existing authority and for banks to increase Bitcoin custody and loan services.

Regulators Proceed Under Existing Law

The Securities and Exchange Commission (SEC) has proposed a set of rules called Regulation Crypto Assets, aimed at creating exemptions and conditions for certain crypto‑related investment contracts. The Treasury Department is advancing the GENIUS Act, which focuses on the issuance and sale of payment stablecoins, and has opened a rulemaking process for stablecoin regulation.

Bank Participation and Digital Credit

Saylor highlighted that financial institutions are likely to expand Bitcoin custody services and offer loans secured by the cryptocurrency. He noted that Strategy holds over 845,000 BTC and has repurchased $139 million of its bitcoin‑linked credit product, STRC, underscoring a push toward “digital credit.”

Legislative Context

The Senate recently rejected cloture on the CLARITY Act (H.R. 3633) in a 49‑50 vote, leaving the broader market‑structure framework stalled. Saylor’s comments suggest that regulatory and market developments can continue independently of that legislation.