Michael Saylor, executive chairman of business intelligence firm MicroStrategy, is another voice requesting for regulatory clarity around digital assets in the United States. The United States government intensifies efforts to legally define cryptocurrencies, digital securities, and tokenized assets.
Michael Saylor made his comments during MicroStrategy’s Q2 earnings call.
Saylor emphasized the need for a comprehensive digital asset taxonomy that distinguishes digital securities from commodities.
He said the conditions under which traditional securities can be tokenized, should be made clear.
“It would be beneficial to the market if they nail down the digital assets taxonomy. Under what circumstances can you tokenize a security? a digital security? What’s a digital commodity and an asset without an issuer versus a digital token?”, he said.
Saylor’s comments reflect a broader concern within the crypto sector, which has long struggled with ambiguous regulatory treatment.
In particular, the ongoing enforcement actions by the U.S. Securities and Exchange Commission (SEC) have left developers, exchanges, and investors uncertain about what can legally be issued or traded in the digital asset space.
Regulatory Clarity in the White House and SEC
Saylor’s remarks come on the heels of fresh action from the White House Working Group on Financial Markets.
The group urged federal regulators to accelerate rulemaking around key areas such as custody, registration, trading, and record-keeping for digital assets.
In a separate address, SEC Chair Paul Atkins acknowledged the innovation happening overseas due to regulatory uncertainty at home. Despite that, Atkins confirmed that domestic interest in tokenization is surging.
“Companies are lined up at our doors with requests to tokenize.”
Atkins
He added that he has directed SEC staff to “provide relief where appropriate” in order to maintain U.S. competitiveness in the digital asset sector.
The SEC has already formed a Crypto Task Force dedicated to addressing regulatory gray areas.
There is speculation that this is more a response to criticism than by clear guidance.
Legislative Action on Regulatory Clarity on the Horizon
Congress is also preparing to take a major step forward in September when it begins deliberations on the Digital Asset Market Clarity Act of 2025
It is a bipartisan bill designed to codify key definitions for digital assets and create a regulatory framework for token issuance and trading.
Saylor expressed optimism about the bill’s potential to democratize access to blockchain-based financial tools.
“In the ideal world, 40 million businesses would be able to issue a token in four hours for $40,” he said.
Crypto Industry Awaits Clearer Roadmap
Crypto firms, financial institutions, and lawmakers who highlight the need for a formal regulatory framework, say the next several months will be pivotal.
For leaders like Saylor, regulatory clarity is not just about compliance. It’s about unlocking the full economic potential of blockchain technology.
“If we can get the legal definitions right, we can unleash an entirely new class of digital enterprise.”
Michael Saylor
Whether that vision becomes reality depends on how quickly lawmakers and regulators can translate growing consensus into clear, actionable policy.
