While the passing of the long-anticipated Crypto Clarity Act remains delayed, vocal Bitcoin advocate Michael Saylor has issued a post that has stirred discussion about the bill and its relationship with Bitcoin.
In his post, Saylor stated that Bitcoin does not need the long-awaited crypto bill, suggesting that the leading crypto asset does not need guidelines to operate.
Saylor stirs debate on proposed crypto law
Although Saylor did not give any explicit explanation for his claims about Bitcoin not needing the Clarity Act, his statement has ignited debate, with commentators showing mixed reactions.
According to Saylor, Bitcoin does not need the bill; rather, he mentioned that only America needs the crypto law to ensure smoother crypto operations in the country.
Saylor’s statement comes after the Senate failed to pass the Clarity Act as long expected, causing it to be delayed past the summer recess without a vote.
While some crypto users supported the view on Bitcoin being efficient without the passing of the crypto law, other commentators showed disagreement, stating that both Bitcoin and America need clarity.
The Clarity Act, which has been pushed by many American users and legal personnel to be passed into law, is expected to position America as the greatest crypto hub among nations of the world.
Clarity Act delays
Per the latest reports, the Senate has refused to vote on the law before the August recess, causing the passing of the much-anticipated crypto bill to be delayed until next month.
However, the Senate has promised to attend to the bill as soon as the recess is over, as Senate Majority Leader Thune confirmed a September vote.
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