Bitcoin’s Regulatory Progress Independent of Congress
- Michael Saylor expects U.S. federal agencies to advance crypto rules under existing law, despite congressional inaction.
- The SEC and Treasury are progressing with separate crypto rulemaking efforts, including the proposed Regulation Crypto Assets and GENIUS Act for stablecoin adoption.
- Banks are expected to expand bitcoin custody services and BTC-backed lending, integrating further into traditional financial systems.
- Strategy holds a significant amount of BTC, totaling approximately 845,050 as of September.
Despite the Senate’s failure to pass major crypto market legislation, Michael Saylor believes that regulatory progress can continue through existing frameworks and agency actions. The SEC’s proposal on crypto assets and Treasury’s focus on stablecoins highlight this ongoing momentum.
Saylor emphasizes that bitcoin adoption and integration into financial systems do not depend on new congressional legislation but can advance through regulatory measures already underway. (Source)
