The strategy has joined the call to create a formal crypto taxonomy for the US to clearly define when a security can be token and digital security or commodity can be formed.
“My opinion is that it will be beneficial for the market if they reduce the digital assets taxonomy,” Saler on Thursday said during the second quarter earnings call of the strategy.
“Under what circumstances can you tokens a safety? What is a digital security? If they can clarify a digital commodity, what is a property without a issuer versus digital token?”
The Crypto industry has pushed the Trump administration to clean the legal definitions for Crypto and after a long legal battle with the Exchange Commission whether crypto assets are securities.
Without a classification, a situation of great confusion will remain as to who and under what circumstances, Saller said. The current SEC has formed a crypto task force to solve some of these uncertainties.
White House, are taking action
Saylor’s comments come as a White House Working Group on Digital Asset Markets, which on Wednesday asks federal regulators to move more immediately to clarify the crypto rules around custody, trade, registration and record-keeping.
In a speech on Thursday, Paul Atkins, president of the Securities and Exchange Commission, said that most of the token innovation in the US is becoming offshore.
However, he revealed that companies are rowed on our doors with “requesting tokens” and they asked the SEC employees to “provide relief” to ensure that the US is making competitive due to developing the digital asset industry.
Crypto is in the law to clarify the definitions
The Congress is preparing to review the 2025 Digital Asset Market Clarity Act in September – a bill that Solar feels that the crypto industry and everyday businesses will create “a very rich structure” for the businesses, which is looking to release, trade or tokens.
“In the ideal world, 40,000,000 businesses will be able to release a token in four hours for $ 40,” Sailler said.
Robinhood is placing a big bet on the token
Meanwhile, Robinhood is placing a big bet on crypto tokening, with special attention to unlocking access to private markets for everyday investors in the US, CEO Vladimir Tenev on Wednesday said the firm’s second quarter earnings call.
“Private markets and related real -world property are opportunities that are not yet present,” and “we are working with regulators to make it possible.”
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Robinhood has already issued private equity tokens in Europe that resemble openi and SpaceX shares.
However, Prasad of Robinhood’s tokening recently conducted a legal inquiry in Lithuania, while openi warned that Robinhood’s openi token had not made any connection with the company’s actual equity.
magazine: Robinhood’s token shares shook a legal hornet’s nest
