{"id":14600,"date":"2025-08-01T08:16:36","date_gmt":"2025-08-01T06:16:36","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14600"},"modified":"2025-08-01T08:16:36","modified_gmt":"2025-08-01T06:16:36","slug":"saylor-advocates-for-clear-crypto-taxonomy-to-define-u-s-regulations","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/01\/saylor-advocates-for-clear-crypto-taxonomy-to-define-u-s-regulations\/","title":{"rendered":"Saylor Advocates for Clear Crypto Taxonomy to Define U.S. Regulations"},"content":{"rendered":"\n
\n

Strategy\u2019s Michael Saylor has added his voice to the demand for the US to establish an official crypto classification system to distinctly outline when a security may be tokenized and what qualifies as a digital security or commodity.\u00a0<\/p>\n

\u201cI believe it would greatly benefit the market if they could define the taxonomy of digital assets precisely,\u201d Saylor stated<\/a> during Strategy\u2019s earnings call for the second quarter on Thursday.\u00a0<\/p>\n

\u201cIn what situations can a security be tokenized? What characterizes a digital security? If they can specify a digital commodity, how does one distinguish an asset without an issuer from a digital token?\u201d<\/p><\/blockquote>\n

The crypto sector has urged the Trump administration to clarify the legal definitions surrounding crypto after prolonged legal disputes with the Securities and Exchange Commission regarding whether crypto assets fall under securities regulations.<\/p>\n

In the absence of a specific taxonomy, considerable ambiguity would persist about who is authorized to issue what and under which conditions, Saylor emphasized. The current SEC has established a Crypto Task Force to address some of these ambiguities.<\/p>\n

White House and SEC are taking initiative<\/h2>\n

Saylor\u2019s remarks arrive as the White House Working Group on Digital Asset Markets urged federal regulators on Wednesday to act more swiftly to elucidate crypto regulations concerning custody, trading, registration, and record-keeping.<\/p>\n

In a speech on Thursday, Securities and Exchange Commission<\/a> Chair Paul Atkins declared<\/a> that much of the tokenization progress is happening overseas due to the regulatory obstacles present in the US.<\/p>\n

However, he noted that companies \u201care queuing up at our doors with requests to tokenize\u201d and that he has instructed SEC staff to \u201cprovide relief where appropriate\u201d to ensure the US maintains its competitiveness as the digital asset landscape progresses.<\/p>\n

Legislative efforts to clarify crypto definitions are underway<\/h2>\n

Congress is also preparing to examine the Digital Asset Market Clarity Act of 2025<\/a> in September\u2014a proposal that Saylor believes would \u201cestablish a very robust framework\u201d for the crypto sector and everyday businesses seeking to issue, trade, or tokenize assets on the blockchain.<\/p>\n

\u201cIn a perfect world, 40,000,000 enterprises would have the capability to issue a token in four hours for $40,\u201d Saylor mentioned.<\/p>\n

Robinhood is making significant investments in tokenization<\/h2>\n

Meanwhile, Robinhood is heavily investing in crypto tokenization, with a specific emphasis on granting access to private markets for ordinary investors in the US, CEO Vladimir Tenev mentioned during the firm’s second-quarter earnings call<\/a> on Wednesday.<\/p>\n

\u201cPrivate markets and associated real-world assets are opportunities that have been non-existent until now,\u201d and \u201cwe are collaborating with regulators to make that feasible.\u201d<\/p>\n

Related: <\/strong><\/em>eToro to tokenize 100 most popular US stocks on Ethereum<\/strong><\/em><\/a><\/p>\n

Robinhood has already introduced private equity tokens in Europe that resemble OpenAI and SpaceX shares<\/a>.<\/p>\n

Nevertheless, Robinhood\u2019s tokenization services have recently triggered a legal investigation<\/a> in Lithuania, while OpenAI cautioned that Robinhood\u2019s OpenAI token has no affiliation with the company’s actual equity.<\/p>\n

Magazine: <\/strong><\/em>Robinhood\u2019s tokenized stocks have stirred up a legal hornet\u2019s nest<\/strong><\/em><\/a><\/p>\n