Michael Saylor, Executive Chairman of Strategy, has called on U.S. regulators to establish a clear taxonomy for digital assets. This initiative aims to overcome ambiguities that he believes threaten innovation and the competitiveness of the U.S. in the global crypto market.
Need for Clear Asset Classification
Saylor emphasizes the importance of clearly defining terms such as 'digital security,' 'digital commodity,' and 'tokenized asset.' He argues that a well-defined framework would clarify which assets can be tokenized, under what conditions, and who has the authority to issue them.
Pressure from the Crypto Industry
The push for clarity comes amid increasing pressure from the crypto industry on the Trump administration to resolve long-standing legal battles with the U.S. Securities and Exchange Commission (SEC) over whether certain crypto assets qualify as securities. The SEC’s Crypto Task Force, formed to address these regulatory uncertainties, has so far made limited progress.
Support for the Digital Asset Clarity Act
Saylor voiced support for the upcoming Digital Asset Market Clarity Act of 2025, which Congress is expected to review in September. He described the bill as 'a very rich framework' that could unlock widespread access to digital asset issuance for businesses.
Michael Saylor's call for clear classification of digital assets reflects a strong desire within the crypto industry for clarity and progressive changes in the regulatory environment, which may impact the future of innovation in the sector.
