As MicroStrategy founder and former CEO Michael Saylor has said during an interview with Bloomberg, the SEC’s statements and actions are laying the groundwork for Bitcoin’s next bullish phase. According to him: “Regulatory clarity is going to drive Bitcoin adoption by eliminating the confusion & anxiety that has been holding back institutional investors. Bitcoin dominance will continue to grow as the crypto industry rationalizes around $BTC and goes mainstream.” He has highlighted most of the SEC’s complaints relate to tokens that have securities tokens. In June, the regulator filed complaints against Binance and Coinbase, including unregistered offerings by platforms of such assets among the charges. At the same time, the regulator classifies Bitcoin as a commodity, considering it sufficiently decentralized. Therefore, according to Saylor, the regulation of stablecoins and other tokens will return Bitcoin to market dominance with a share of over 80%. Saylor has added: “The public is beginning to realize that Bitcoin is the next Bitcoin. The next logical step is for Bitcoin to 10x from here and then 10x again.”
