Senate Expresses Interest in Bitcoin According to Michael Saylor

Exciting news in the world of cryptocurrency! MicroStrategy co-founder Michael Saylor took to social media to share his joy over the recent Senate victory for the industry. He expressed his enthusiasm, stating that everyone from Wall Street to the Senate is showing interest in Bitcoin.

The Senate made a significant decision on Thursday, voting to overturn the contentious “SAB 121” bulletin introduced by the SEC. Senate Majority Leader Chuck Schumer and a bipartisan group worked together to reject the SEC’s guidance.

The Digital Chamber and Compound Labs Robert Leshner were among those who applauded the Senate’s action. They see this as just the beginning of legislative victories for the cryptocurrency sector.

Critics of the rule argued that it would hinder banks from providing custodial services for digital assets, as it required them to list crypto holdings as liabilities on their balance sheets. Austin Campbell, from Zero Knowledge Consulting, criticized the rule, calling it unnecessary and damaging for crypto holders.

The House of Representatives also took a stand earlier, voting against the same guidance. With these recent developments, the cryptocurrency industry is gaining momentum and support.

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