Michael Saylor – Executive Chairman of the Bitcoin-bullish software company MicroStrategy – spoke at the Bitcoin 2023 conference in Miami regarding the trajectory of Bitcoin adoption as a Treasury Reserve asset, and its place next to crypto in the US regulatory perimeter.
The former CEO addressed whether the so-called “lack of clarity” surrounding crypto regulation in the United States is “by design,” and how regulatory agencies actually view digital assets.
What the SEC Doesn’t Like, According to Saylor
In an interview with Kitco NEWS published on Monday, Saylor said that he believes regulators are opposed to stablecoins effectively allowing billions of US dollars to circulate in “dark pools,” thus evading the controls of the banking system and sanctions. “Stablecoins are a problem for them, and I don’t think they’re going to change their view,” he said.
He also believes regulators have already concluded that most crypto tokens are unregistered securiti
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