Strategy Inc. and executive chairman Michael Saylor announced support for the CLARITY Act on July 31, adding the world's largest corporate bitcoin holder to the campaign for U.S. crypto market structure legislation. The bill splits oversight of digital assets between the SEC and CFTC and has already cleared the Senate Banking Committee, but Galaxy Research has cut its odds of passage.
Strategy and Saylor Add Weight to the Push
Strategy Inc. (Nasdaq: MSTR) announced its support for the Digital Asset Market Clarity Act on July 31, framing the bill as a bipartisan framework for market growth, institutional participation, consumer protection, and individual ownership of digital assets. Saylor endorsed the measure separately, adding one of the crypto industry's most prominent corporate voices to the campaign.
According to Saylor's CLARITY Act endorsement: "Bitcoin will succeed with or without legislation, but America needs clarity for digital assets." His backing follows growing institutional interest in a durable regulatory framework for digital assets.
Senate Timeline Tightens as Support Builds
The endorsement lands as the Senate considers a framework dividing oversight between the SEC and the Commodity Futures Trading Commission, while setting registration routes for exchanges, brokers, dealers, and custodians. The Senate Banking Committee approved the measure by a 15-9 vote on May 14. Senator Cynthia Lummis (R-WY) released updated bill text on July 22 to prepare it for broader consideration.
Supporters have pushed hard: advocates have contacted Congress nearly 1 million times urging passage. Nearly 70% of surveyed crypto owners said candidates' digital asset positions could sway their midterm votes. Still, passage remains uncertain after Galaxy Research cut its enactment probability from 50% to 30%, citing unresolved disputes and difficult Senate vote requirements.
Strategy's Bitcoin Bet Underpins Its Regulatory Push
Strategy has a direct stake in the outcome. Its second-quarter results, released July 30, showed an $8.22 billion net loss, including an $8.32 billion unrealized digital asset loss, while revenue rose 6.9% to $122.4 million. The company held 843,775 bitcoin and had raised $17.06 billion through at-the-market programs by July 26.
Saylor has previously said bitcoin could rise 100-fold, and he rejected a proposed soft fork known as BIP 110 over concerns it would weaken Bitcoin's neutrality.
Source: Bitcoin News
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