Saylor and Strategy Officially Back CLARITY Act for US Crypto
Strategy Inc. (Nasdaq: MSTR) and its executive chairman Michael Saylor declared support for the Digital Asset Market Clarity Act (CLARITY Act) on July 31, joining the legislative push for comprehensive cryptocurrency rules. The bill, which divides digital asset oversight between the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), establishes registration pathways for exchanges, brokers, dealers, and custodians.
“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,” Strategy said in a statement.
Saylor added: “I support advancing the CLARITY Act through bipartisan work to establish clear, durable rules, protect property rights, promote innovation, and strengthen American capital markets. Bitcoin will succeed with or without legislation, but America needs clarity for digital assets.”
The Senate Banking Committee approved the measure by a 15-9 vote on May 14. Senator Cynthia Lummis released updated bill text on July 22 as lawmakers prepared for broader Senate consideration. Supporters have generated nearly 1 million contacts urging Congress to advance the legislation, with institutional arguments that clearer regulatory roles could reduce uncertainty for developers, exchanges, custodians, and investors.
Strategy’s endorsement comes as the company continues to build its bitcoin treasury. As of July 26, Strategy held 843,775 bitcoin and had raised $17.06 billion through at-the-market equity programs. The firm reported a $8.22 billion net loss for the second quarter, including an $8.32 billion unrealized digital asset loss, while revenue rose 6.9% to $122.4 million. The company’s capital-raising structure ties digital asset regulation directly to shareholder and creditor interests.
Despite the push, passage remains uncertain. Galaxy Research lowered its estimated enactment probability from 50% to 30%, citing unresolved disputes and difficult Senate vote requirements. Meanwhile, nearly 70% of surveyed cryptocurrency owners indicated that candidates’ digital asset positions could influence their midterm votes, adding political pressure as the Senate’s legislative window narrows.