Bitcoin treasury founder and pioneer Michael Saylor has said that the blockage of the Clarity Act is actually good for the digital asset space. 

Writing on X on Saturday, the Strategy founder and chair said that legislation can make restrictions permanent just as easily as rights. 

Lawmakers this week blocked long-awaited crypto legislation, the Clarity Act, which aims to formally divide oversight between regulators. The digital asset industry had long called for such rules to be in place. 

Despite the hurdle, regulators like the Securities and Exchange Commission and the Commodity Futures Trading Commission are pushing ahead with rulemaking. 

“We have an administration willing…

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