Michael Saylor Advocates for Clear Crypto Taxonomy as US Regulators Grapple with Definitions

MicroStrategy's Michael Saylor has amplified calls for regulatory clarity in the cryptocurrency sector, urging the US government to establish formal definitions for digital assets. During the company's Q2 earnings call, Saylor emphasized the need to distinguish between tokenized securities, digital commodities, and issuer-less assets—a classification hurdle that continues to plague the industry.

The push comes as the WHITE House Working Group pressures federal agencies to accelerate rulemaking on custody, trading, and record-keeping standards. SEC Chair Paul Atkins acknowledged that regulatory uncertainty has driven much tokenization innovation offshore, leaving US markets at a competitive disadvantage.

With the SEC's newly formed crypto Task Force attempting to untangle these issues, market participants await decisive action. "Without a taxonomy, confusion will persist about who can issue what under which circumstances," Saylor warned, echoing concerns shared across the digital asset ecosystem.