Sailor calls for a category of encryption to clarify the rules of the United States star-news.press/wp

Michael Saylor from Strategy joined the US invitation to create an official encryption classification to determine when security could be a symbol and what constitutes a digital security or a commodity.

“My opinion is that it will be useful for the market if they reduce the classification of digital assets,” Sailor, He said While summoning the profits of the second quarter of the strategy on Thursday.

“In any of the circumstances, you can distinguish security? What is digital safety? If they can clarify a digital commodity, what is one of the source in exchange for a digital symbol?”

The encryption industry prompted the Trump administration to clarify the legal definitions of encryption after long legal battles with the Securities and Stock Exchange Committee on whether the encryption assets are securities.

Without classification, a lot of ambiguity will remain about who can issue some and on any circumstances, he added Silor. The current SEC has formed an encryption workplace to solve some of these uncertainty.

White House, SEC take action

Silor’s comments come at a time when the White House working group in the markets of federal organizers on Wednesday called to move immediately to clarify the coding rules on custody, circulation, registration and memorizing records.

In a speech on Thursday, Chairman of the Securities and Stock Exchange Committee Paul Atkins He said Many of the distinguished symbols are created abroad due to organizational challenges in the United States.

However, it has revealed that companies “line up on our doors with symbol requests” and that he asked SEC employees “to provide relief when necessary” to ensure the United States remains a competition with the development of the digital asset industry.

Legislation to clarify more clear coding definitions

Congress is also preparing to review the 2025 digital assets market law in September – a draft law that Silor believes “will create a very rich frame” for the encryption industry and daily companies that look forward to issuing, circulating or distinguished assets.

“In the ideal world, 40,000,000 companies will be able to issue a code in four hours for $ 40,” said Silor.

Robinhood bet on the distinctive symbol

Meanwhile, Robinhood is betting on the distinctive code of encryption, with a special focus on opening access to private markets for ordinary investors in the United States, CEO Vladimir Tenif said during the company’s profit call in the second quarter on Wednesday

“Private markets and related assets in the real world are opportunities that are not yet exist,” and “we are working with the organizers to make this possible.”

Related to: Etoro for the code of 100 American stocks more popular on Ethereum

Robinhood has already released special stock symbols in Europe similar to Openai and Spacex shares.

However, Robinhood’s distinctive symbol offers recently sparked a legal investigation in Lithuania, while Openai warned that the distinctive symbol of Robinhood is not associated with the actual fairness of the company.

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