Will the Clarity Act Pass? Vanguard Embraces Crypto & Michael Saylor Strategy Sells More Bitcoin!

**Tony Edward** (0:00)
Amanda, we are running out of time.
It's crazy, we have till August 7th, but you know, government does not move fast, and the Senate and Congress are back in office next week. I don't know if they can get a lot done next week, they can fast track it as much as possible. We did get some great news where a Democrat, top Democrat Senator Ron Wyden said he supported the D5 provision within the Clarity Act, but Elizabeth Warren came out the same day trying to spread floods saying...
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Link will be in the description. Hey, folks, welcome into the Thinking Crypto Podcast Crypto Water Cooler Series. I'm Tony Edward.

**Amanda Whitcroft** (2:59)
And I'm Amanda Whitcroft.

**Tony Edward** (3:00)
And we're going to dive into the latest crypto news that you need to know about. Amanda, great to see you. Happy Friday.

**Amanda Whitcroft** (3:06)
Happy Friday. Great to see you too, Tony.

**Tony Edward** (3:08)
Amanda, lots happening in the crypto market. Never a dull day or week or month. There's always news, which is great. Lots to talk about. I would love to start with Michael Saylor has officially gone into selling mode. They sold over 3000 Bitcoin towards the end of June into early July.
Look, I don't have necessarily a problem with this. I think you and I have discussed quite a lot that it's about the lying and the hypocrisy for years saying, you don't sell your Bitcoin, never sell, we're never going to sell. Now, we have to sell.

**Amanda Whitcroft** (3:40)
Yeah. Now, Tony, don't offend his cult following it. It's Michael didn't sell it. My strategy sold it.

**Tony Edward** (3:49)
They're going to all types of mental gymnastics there to make this look good.

**Amanda Whitcroft** (3:54)
They sure are. I've always raised an eyebrow as people have listened to me over the weeks at the cult of personality around Michael Saylor. Bitcoin was supposed to remove the need to place enormous trust in just one financial intermediary and yet, you have all these investors who are now being asked to trust one man's ability to keep increasingly elaborate capital structure functioning. So I think the hypocrisy of that alone, and I just saw Brad Garlinghouse the other week post, it's one thing to be this financial engineering company, it's another to have actual use case, and one sustains, one doesn't. I think Saylor has been brilliant. There are some points you can't argue. He's brilliant in terms of the financial engineering of Bitcoin, in terms of credit and capital, things of that nature and innovating.