Strategy’s Michael Saylor wants the US government to clearly define digital securities and commodities, as well as state when it is allowable to tokenize securities.
Strategy’s Michael Saylor has joined the call for the US to create a formal crypto taxonomy to clearly define when a security can be tokenized and what constitutes a digital security or commodity.
“My opinion is it would be beneficial to the market if they nail down the digital assets taxonomy,” Saylor said during Strategy’s second-quarter earnings call on Thursday.
The crypto industry has pushed the Trump administration to clear up the legal definitions for crypto after lengthy legal battles with the Securities and Exchange Commission over whether crypto assets are securities.
Without a taxonomy, a lot of confusion would remain over who can issue what and under which circumstances, Saylor added. The current SEC has formed a Crypto Task Force to resolve some of these uncertainties.
