CLARITY Act seen as major U.S. regulatory win for Bitcoin, clearing path for institutional investment.

The CLARITY Act, set for a Senate Banking Committee vote on May 14, is hailed by Michael Saylor as a crucial regulatory breakthrough for Bitcoin in the U.S. It aims to clarify digital asset regulations, enabling conservative funds to invest in Bitcoin and legitimizing digital rewards systems. Despite opposition from major labor unions concerned about pension risks, the bill's approval could establish Bitcoin as a legally recognized corporate reserve asset, boosting institutional adoption and innovation in digital capital markets.