Saylor says BTC regulation, banking services can expand despite Clarity Act gridlock

Michael Saylor, chairman of Strategy, said that even as the U.S. Clarity Act remains deadlocked, the SEC, CFTC and Treasury Department are expected to develop cryptocurrency rules under existing law. Saylor said banks are likely to expand BTC custody and BTC-backed lending, while more capital could flow into BTC and digital credit. He added that regulatory progress for crypto does not necessarily need to wait for additional legislation from Congress.