Michael Saylor, Executive Chairman of Strategy, has joined a growing number of industry leaders urging U.S. lawmakers to establish a clear digital asset taxonomy. His comments come as both regulators and Congress intensify efforts to define crypto securities, commodities, and tokenization rules.
Crypto Taxonomy Essential for Market Clarity
During Strategy’s second-quarter earnings call, Saylor emphasized the need for the government to clearly differentiate between digital securities and commodities. He asked:
“Under what circumstances can you tokenize a security? What’s a digital security? What’s a digital commodity?”
According to Saylor, the absence of definitions creates regulatory confusion, leaving issuers and investors uncertain about compliance standards.
SEC and White House Push for Regulatory Progress
On Wednesday, the White House Working Group on Digital Asset Markets urged federal agencies to speed up efforts on custody, trading, and tokenization rules.
Following that, SEC Chair Paul Atkins stated that many companies are already seeking guidance on tokenization but are forced offshore due to U.S. red tape. He pledged that the SEC would “provide relief where appropriate” to keep innovation within U.S. borders.
“Companies are lined up at our doors with tokenization requests,” Atkins noted.
Digital Asset Market Clarity Act Set for Congressional Review
Congress is expected to review the Digital Asset Market Clarity Act of 2025 this September. If passed, the legislation could form a standardized framework for issuing, trading, and tokenizing assets.
Saylor envisions a future where millions of businesses can issue digital tokens quickly and cheaply, stating: “In the ideal world, 40 million businesses would be able to issue a token in four hours for $40.”
Robinhood and Tokenization: The Next Frontier
Meanwhile, Robinhood is doubling down on crypto tokenization. CEO Vlad Tenev highlighted the firm’s efforts to unlock private market access through tokenized assets, though recent scrutiny in Lithuania suggests regulatory challenges remain.
As the U.S. prepares to define crypto legally, clarity around tokenization and digital asset classification may soon become reality, potentially transforming capital markets for both institutions and retail investors.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.