Saylor: CLARITY Act failure is good for crypto industry
- —Saylor criticized the compromise bill's limits on rewards for holding payment stablecoins
- —He opposed innovation sandbox caps of 25 employees and 20 approved projects per year
- —The SEC on Sept 17 granted a 5-year exemption for on-chain trading of tokenized equities
- —The CFTC said it will regulate crypto markets under existing authority without the bill
Why it matters: The CLARITY Act's failure shifts US crypto regulation toward SEC and CFTC rulemaking, accelerating tokenization while leaving the industry without permanent rules.
Source: BITTIMES