[Michael Saylor States Public Advocacy for Holding Bitcoin in the U.S. Falls Under Freedom of Speech] Strategy founder Michael Saylor stated that discussing, advocating, or publicly recommending holding Bitcoin in the U.S. does not require a license, as Bitcoin is considered a commodity rather than a security. However, fraud and manipulation remain illegal. He emphasized that Bitcoin advocacy is essentially a form of 'freedom of speech,' and regulatory efforts should focus on combating fraud and market manipulation rather than restricting public discussions about Bitcoin.