ME News reports that on September 4 (UTC+8), Michael Saylor, founder of Strategy, posted that discussing, advocating for, or publicly recommending holding Bitcoin in the United States does not require a license, as Bitcoin is classified as a commodity rather than a security; however, fraud and market manipulation remain illegal. He emphasized that advocating for Bitcoin is fundamentally a form of "free speech," and regulatory focus should be on combating fraud and market manipulation rather than restricting public discourse about Bitcoin. (Source: PANews)
Michael Saylor Says Advocating Bitcoin in the U.S. is Free Speech
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Summary
Michael Saylor, founder of MicroStrategy, said on September 4 that promoting Bitcoin in the U.S. is protected free speech, as it is a commodity, not a security. He urged regulators to focus on fraud and manipulation rather than public discourse. He suggested that approval of a Bitcoin ETF, or a spot Bitcoin ETF, would further clarify the regulatory position.
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