Strategy's Michael Saylor Defends Bitcoin Advocacy in the US, Calls BTC a Commodity

Strategy Executive Chairman Michael Saylor has publicly defended the right to advocate for and recommend Bitcoin in the United States, describing it as protected speech. Emphasizing that Bitcoin is a commodity rather than a security, Saylor noted that individuals do not need a regulatory license to discuss or recommend owning the cryptocurrency, while underscoring that existing laws against fraud and market manipulation still apply. Saylor's statements coincide with increasing regulatory developments in Washington, DC, as lawmakers prepare for a September 15 procedural vote on the CLARITY Act. Momentum for the legislation grew after the National Sheriffs' Association shifted its stance from opposition to neutral, a move welcomed by pro-crypto lawmakers like Senator Cynthia Lummis. Meanwhile, Strategy has resumed its Bitcoin acquisitions after a 10-week pause, buying 4,603 BTC for roughly $369.7 million at an average price of $80,318 per coin. Despite boosting total reserves to 845,050 BTC, Strategy shares dropped 4.2% to $138.74 amid broader market volatility following U.S. employment data.