New Era of 'Digital Capital': Why Saylor Calls CLARITY Act Win for Bitcoin

As senators have finalized the text of the CLARITY Act, the digital asset market structure bill is now set for a key vote in the Senate Banking Committee this Thursday, May 14. Against this backdrop, Strategy founder Michael Saylor publicly explained why the legislation is a fundamental pillar of his long-term Bitcoin strategy.

While media attention remains focused on debates around stablecoins, Saylor views the bill through the lens of corporate finance and BTC accumulation, and highlights two main factors:

• Institutional validation of digital capital: The bill removes what Saylor calls the regulatory "fog" surrounding digital assets in the United States. This opens the door for conservative investment funds to make large-scale allocations into Bitcoin and, by extension, into Strategy (MSTR) shares as the primary regulated vehicle for Bitcoin accumulation.
• Language surrounding rewards: Saylor separately pointed to the provision recognizing activity-based rewards in distributed ledger systems as "critically important for innovation and mass adoption". In his view, this effectively legitimizes the infrastructure required to build responsible digital yield markets.

Last night's CLARITY Act markup would unlock the next wave of Digital Capital, Digital Credit, and Digital Equity in the U.S. and globally — institutional validation for $BTC, a framework for $STRC -powered digital yield markets, and broader adoption of $MSTR.

— Michael Saylor (@saylor) May 12, 2026

US labor unions fight to kill bipartisan crypto bill

Despite optimism across the crypto industry, the bill is advancing amid a difficult political compromise, as major U.S. labor unions including SEIU, AFT, NEA and AFSCME have already sent a letter to the Senate demanding the proposal be rejected. The organizations argue that legalization in its current form could create risks for the pension programs of ordinary workers.