Saylor Defends Public Bitcoin Advocacy in US: 'Bitcoin is a Commodity'

Strategy's Executive Chairman Michael Saylor is defending public Bitcoin advocacy in the US, arguing that Americans don't need a license to discuss or recommend owning the asset.

Saylor stated that 'Bitcoin is a commodity, not a security,' and emphasized that fraud remains prohibited under existing laws.

The comments come as lawmakers continue working on broader rules for the cryptocurrency market, with a September 15 procedural vote on the CLARITY Act looming.

The National Sheriffs' Association has shifted its position on the legislation from opposition to neutral, but several provisions are still being negotiated before it can complete the Senate process.