Michael Saylor of Strategy has joined a growing chorus of voices calling for the U.S. to establish a clear crypto taxonomy. Saylor believes that formal definitions are needed to clarify what constitutes a digital security versus a commodity, and under what circumstances a traditional security can be tokenized. He noted that without such a framework, confusion will persist for businesses and the crypto industry.
These comments come as regulatory bodies are already taking steps. The White House Working Group on Digital Asset Markets has urged federal regulators to move faster on clarifying rules for custody, trading, and registration. Additionally, SEC Chair Paul Atkins acknowledged that the U.S. is losing innovation to offshore markets and has instructed staff to provide regulatory relief where appropriate.
Legislation is also in the works. The Digital Asset Market Clarity Act of 2025 is set for review in September. Saylor believes this bill could create a robust framework for businesses looking to issue or tokenize assets. This regulatory push coincides with companies like Robinhood actively exploring tokenization to unlock private markets for a broader range of investors, further underscoring the need for clear guidelines.
August 2025, Cryptoniteuae
