Michael Saylor Urges U.S. to Define Crypto Laws as $40 Token Era Nears
MicroStrategy’s Michael Saylor wants the US government to create a formal crypto taxonomy, saying clear definitions...
Quick overview
- Michael Saylor of MicroStrategy advocates for a formal crypto taxonomy to enhance market confidence and innovation.
- The SEC's slow progress on regulatory clarity is causing US companies to lag behind international competitors.
- The White House Working Group is urging faster regulatory guidance on digital asset markets.
- The upcoming Digital Asset Market Clarity Act of 2025 aims to establish clear definitions for issuing and tokenizing digital assets.
MicroStrategy’s Michael Saylor wants the US government to create a formal crypto taxonomy, saying clear definitions would boost market confidence and drive innovation. Speaking during MicroStrategy’s Q2 earnings call, Saylor said they need to categorize digital securities, commodities and tokens with precision.
“It would be good for the market if they nailed down the digital assets taxonomy,” he said. “What’s a digital security? What’s an asset without an issuer?”
The call for clarity comes as the SEC and various crypto companies are in legal disputes. Without clear legal guidelines, businesses are unsure which assets fall under securities law and which are commodities.
The SEC has a Crypto Task Force to address these ambiguities but progress has been slow. Meanwhile US companies are falling behind international competitors due to regulatory gridlock.
White House, SEC Push for Reform
Saylor’s comments align with the White House Working Group on Digital Asset Markets which this week urged federal regulators to move faster on clarifying rules for custody, trading and record-keeping for digital assets.
On Thursday, SEC Chair Gary Gensler said most of the tokenization innovation is happening offshore due to domestic legal hurdles. But he confirmed multiple companies are “lined up” with tokenization proposals and the SEC will provide regulatory relief where possible.
Key points:
- White House group wants rapid regulatory guidance
- SEC chair says demand to tokenize securities is growing
- US firms are falling behind global peers
Gensler also said regulatory flexibility will be key to the US remaining competitive in the digital asset space.
Legislation and Industry Momentum
The Digital Asset Market Clarity Act of 2025 will be reviewed by Congress in September. The bill will define when and how digital assets can be issued or tokenized. Saylor praised the bill saying it would provide a “rich framework” for the next phase of crypto.
“In an ideal world 40 million businesses could issue a token in 4 hours for $40,” he said.
Meanwhile Robinhood is ramping up its tokenization plans. CEO Vladimir Tenev said they will bring private market assets to US retail investors through blockchain-based tokens. They have already launched tokens for SpaceX and OpenAI in Europe.But it’s not all clear. Lithuania is investigating Robinhood and OpenAI said the token is not related to the company.
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