Michael Saylor says Bitcoin does not need the CLARITY Act to grow, but the United States needs the legislation to maintain its position as a leading crypto market.

The ongoing delay around the CLARITY Act is raising concerns across the crypto industry. Strategy founder Michael Saylor has argued that Bitcoin can continue to develop without the proposed law, while the US could face a bigger problem if lawmakers fail to provide clearer rules for the digital asset industry.

The comments came after the US Senate delayed a procedural vote on the crypto market structure bill until lawmakers return from their August recess.

Michael Saylor Says America Needs the CLARITY Act

Saylor recently shared his view on the delayed legislation on X, arguing…