Saylor Rejects BIP-110 Bitcoin Code Changes as SEC Chair Backs Crypto Clarity Act
TL;DR
- Michael Saylor opposed the BIP-110 soft fork, framing Bitcoin's underlying code as an unalterable constitution.
- BIP-110 has gained increased miner support but remains below the required 55% activation threshold, according to AMBCrypto.
- SEC Chairman Paul Atkins reaffirmed his commitment to advancing the Crypto Clarity Act, reported Bitcoin Magazine.
Saylor Compares Bitcoin Protocol to a Constitution
MicroStrategy founder Michael Saylor has publicly opposed proposed alterations to Bitcoin's underlying software, taking a firm stance against supporters of the BIP-110 soft fork proposal. As reported by Decrypt and CryptoBriefing, Saylor described Bitcoin's fundamental protocol code as an economic constitution, arguing that protocol modifications represent direct attacks on the economic rights of network participants. Urging stakeholders to maintain the status quo, Saylor stated that the current network structure does not require fixing and cautioned against altering its base rules.
BIP-110 Soft Fork Faces Activation Threshold
The controversy centers around BIP-110, a proposed soft fork intended to modify aspects of the network. According to reporting from AMBCrypto, the upgrade has seen increased backing from cryptocurrency miners in recent times. However, despite gaining additional miner support, the BIP-110 soft fork still lacks the minimum 55% activation threshold required to execute the upgrade, leaving the future trajectory of the proposed network modification unresolved.
Corporate Holdings and Legislative Clarity
Saylor's remarks regarding protocol immutability coincided with broader discussions surrounding MicroStrategy's balance sheet strategies and US regulatory developments. Even as Saylor publicly asserted that Bitcoin has already won its market position, BeInCrypto noted that MicroStrategy has paused its ongoing purchases of the underlying cryptocurrency.
Meanwhile, the regulatory backdrop for digital assets continues to evolve. According to Bitcoin Magazine, Securities and Exchange Commission Chairman Paul Atkins stated that he remains committed to helping advance the Crypto Clarity Act, a legislative measure aimed at bringing structured oversight to the digital asset industry.
This article was reconstructed from public reporting with AI assistance and is for informational purposes only — not financial advice. See our editorial policy.
