Michael Saylor Says CLARITY Act Will Unlock STRC 'Adoption,' But Prediction Markets Aren't Buying It
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Michael Saylor on Tuesday said the Senate’s freshly released CLARITY Act draft will unlock “broader adoption” of Strategy (NASDAQ:MSTR) and a framework for STRC-powered digital yield markets.
Senate Banking Chairman Tim Scott (R-SC), Senator Cynthia Lummis (R-Wyo.), and Senator Thom Tillis (R-SC) dropped the 309-page substitute text ahead of Thursday’s committee markup, the procedural stage where senators debate, amend, and vote on a bill before it heads to the floor.
The Yield Carve-Out
The draft bans bank-style passive interest on simple stablecoin balances but allows rewards tied to user activity, including staking, liquidity provision, and loyalty programs.
That carve-out is what Saylor is reading as a green light for Strategy’s 11.5% Stretch (NASDAQ:STRC) preferred stock. Benchmark analyst Mark Palmer has called STRC the backbone of an emerging ecosystem of yield-backed stablecoin protocols.
Not everyone is buying it.
Peter Schiff has called STRC’s 11.5% yield “the most obvious Ponzi that has ever existed,” a critique that gets louder if activity-based rewards flood the market.
What The Traders See
The Polymarket contract on a 2026 CLARITY Act signing has been quite volatile. Three weeks ago, it traded at 46%; once the Thursday markup hit the calendar, odds spiked to 79%.
Five banking trade groups, including the American Bankers Association and Bank Policy Institute, then rejected the Tillis-Alsobrooks stablecoin compromise, knocking the contract back to 62% by Monday and to 59% today despite Saylor’s post.
White House digital assets adviser Patrick Witt is targeting July 4 for President Donald Trump to sign the bill.
The remaining sticking point is a crypto ethics provision Senate Democrats are demanding in exchange for the seven crossover votes needed to clear a filibuster.
Coinbase Global (NASDAQ:COIN) and Circle Internet Group (NYSE:CRCL) also stand to benefit from yield clarity. Circle rallied 20% on the May 4 compromise reveal.
The Senate Banking Committee votes on the bill Thursday at 10:30 AM ET.
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