Strategy Executive Chairman Michael Saylor has urged U.S. regulators to establish a formal taxonomy for digital assets, warning that ongoing regulatory ambiguity threatens to stall innovation and hinder the nation’s competitiveness in the global crypto market.
Speaking during Strategy’s second-quarter earnings call on Thursday, Saylor emphasized the urgent need to define key terms such as “digital security,” “digital commodity,” and “tokenized asset.” He argued that a well-defined framework would clarify which assets can be tokenized, under what conditions, and who has the authority to issue them.
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.
On Wednesday, the White House Working Group on Digital Asset Markets urged federal regulators to accelerate efforts to establish clearer rules around custody, trading, registration, and record-keeping in the digital asset space.
SEC Chair Paul Atkins, in a speech Thursday, acknowledged that the U.S. is losing ground in tokenization innovation to overseas jurisdictions, partly due to regulatory bottlenecks.
“Companies are lined up at our doors with requests to tokenize,”
Atkins revealed, noting that he has instructed SEC staff to provide relief “where appropriate” to keep the U.S. competitive.
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.
Meanwhile, Robinhood is doubling down on crypto tokenization, targeting private markets as a key opportunity for retail investors. During the firm’s Q2 earnings call on Wednesday, CEO Vladimir Tenev said Robinhood is working with regulators to expand access to real-world asset tokenization in the U.S.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
