Michael Saylor tied the CLARITY Act to Strategy’s bitcoin capital model, saying clearer rules could support BTC, STRC, and MSTR-linked markets. The framework positions BTC as digital capital, STRC as digital credit, and MSTR as digital equity.
Strategy (Nasdaq: MSTR) Executive Chairman Michael Saylor on May 12 tied the CLARITY Act to the company’s broader position within digital asset markets, arguing that clearer U.S. rules around bitcoin, stablecoins, and digital yield infrastructure could support broader institutional participation across digital asset markets. Saylor framed the legislation as part of a wider shift toward regulated digital capital markets, with BTC representing digital capital, STRC serving as digital credit, and MSTR representing digital equity tied to bitcoin exposure.
Senate Banking Committee Chairman Tim Scott, Subcommittee on Digital Assets Chair Cynthia Lummis, and Senator Thom Tillis announced updated CLARITY Act market structure text ahead of the committee’s scheduled May 14 markup. The legislative text, released May 11, reflects negotiations with Democratic lawmakers as well as input from regulators, law enforcement agencies, financial institutions, innovators, and consumer advocates. Saylor said:
