Michael Saylor, Chairman of MicroStrategy, stated that even amid the stalemate of the US Clarity Act, the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and the Treasury Department are expected to establish cryptocurrency regulations under existing laws. He believes that banks will expand BTC custody and loans collateralized by it, and more capital will flow into BTC and digital credit. He assessed that the institutional progress of cryptocurrency does not necessarily have to wait for further legislation from Congress.
