American entrepreneur Michael Saylor has put forward an initiative to the US authorities: he called for the introduction of an official classification system for cryptocurrencies in order to establish differences between digital goods, securities, and other types of tokens. In his opinion, there is currently no clear definition of what a tokenized security is, especially in cases where it exists without an issuer.
Saylor emphasized that the lack of a clear regulatory framework creates confusion and slows down technological innovation, forcing companies to transfer development and business activities outside the US. He added that many digital tokens still do not have a specific legal status in the context of US securities laws.
“Right now, no one knows exactly when an asset can be tokenized, and how to do it without breaking the law. This creates significant risks for business,” Saylor said.
He also noted that with clear standards, companies could safely issue their own tokens without fear of interference from regulators such as the SEC. Clear rules would ensure stability and trust from both businesses and investors.
Michael Saylor has previously proposed unconventional approaches to the use of cryptocurrencies. In particular, he approached the US Federal Housing Finance Administration with a proposal to recognize Bitcoin as an asset suitable for securing mortgage loans.
Saylor's words reflect the growing demand in the industry for transparency and predictability in the field of digital assets. Given the rapid evolution of technology and the growing interest from institutional investors, the issue of classification and regulation of cryptocurrencies is becoming especially relevant.