Michael Saylor and Strategy Inc. Back CLARITY Act

Strategy Inc. and Michael Saylor publicly endorsed the CLARITY Act on July 31, joining a campaign to advance a Senate bill that assigns responsibilities for digital assets to the Securities and Exchange Commission and the Commodity Futures Trading Commission.

The legislation would create registration pathways for trading venues, brokers, dealers and custodians. The Senate Banking Committee approved the measure by a 15-9 vote on May 14, and Senator Cynthia Lummis released updated text on July 22 as lawmakers prepared for broader floor consideration.

Strategy Inc. (Nasdaq: MSTR) issued a statement saying the bill would establish a clear framework for digital asset markets, speed institutional participation, strengthen consumer protections and protect individual ownership of digital assets. The company wrote: “We support the bipartisan CLARITY Act. It establishes a clear framework for the growth of digital asset markets, accelerates institutional adoption, strengthens consumer protections, and safeguards the right of individuals to own and control their digital assets.”

Michael Saylor, executive chairman of Strategy, added his support in a statement that called for bipartisan work to create durable rules, protect property rights, promote innovation and strengthen U.S. capital markets. He wrote: “Bitcoin will succeed with or without legislation, but America needs clarity for digital assets.”

Strategy released second-quarter results on July 30 showing a net loss of $8.22 billion, including an $8.32 billion unrealized loss on digital assets. Revenue rose 6.9% to $122.4 million for the quarter. The company reported holding 843,775 bitcoin at the end of the period and said it had raised $17.06 billion through at-the-market share programs as of July 26.

Advocates have increased lobbying and public outreach, registering nearly 1 million constituent contacts urging Congress to pass market-structure legislation. Political pressure has grown in part because surveys show a majority of cryptocurrency owners consider candidates’ positions on digital assets when voting. At the same time, analysts have reduced the estimated chances of enactment; one research group lowered its probability estimate from 50% to 30%, citing unresolved disputes among lawmakers and difficult Senate vote math.

Saylor has previously linked bitcoin’s long-term value to regulatory certainty and stable protocol rules, described scenarios in which limited bitcoin sales could be reasonable for holders, and opposed a proposal known as BIP 110 on grounds that a soft fork could reduce the protocol’s predictability and neutrality.

The CLARITY Act remains under consideration in the Senate. Proponents say the bill would define regulator roles and reduce uncertainty for developers, exchanges, custodians, investors and token issuers. Opponents continue to debate how responsibilities should be divided between the SEC and the CFTC and which registration and oversight requirements to include.