Michael Saylor, executive chairman of MicroStrategy, has shared a transformative “Digital Assets Framework” to strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy.
A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value. https://t.co/7n7jQqPkf1
— Michael Saylor⚡️ (@saylor) December 20, 2024
The proposal outlines a strategic approach to digital asset classification, legitimacy, and practical regulation. Saylor’s framework begins with a clear taxonomy, categorizing digital assets into six distinct classes:
- Digital commodities like Bitcoin, which are decentralized and issuer-less;
- Digital Securities, backed by equity or debt;
- Digital Currencies pegged to fiat;
- Digital Tokens, offering utility
- Digital NFTs, providing unique value;
- Digital ABTs, backed by physical assets like gold or oil
This classification aims to create universal understanding and foster effective regulation.
Michael Saylor: What’s Inside Digital Assets Framework
The framework emphasizes legitimacy through a rights-based approach, the creation of ethical standards, fair disclosure, and accountability for issuers, exchanges, and asset owners. He also proposed to create a Bitcoin reserve to offset national debt and generate trillions in wealth for the US Treasury.
To attract innovation, Saylor proposes streamlining regulatory compliance by capping issuance and maintenance costs, standardizing asset disclosures, and allowing exchanges to oversee compliance processes to reduce bureaucratic hurdles.
A cornerstone of the proposal is a vision for a “Capital Markets Renaissance,” enabling faster, cheaper, and broader access to digital capital. Saylor envisions tokenized assets empowering small businesses, artists, and enterprises, with streamlined processes that reduce issuance costs.
The framework could expand access from the current 4,000 public companies to 10 million businesses.
Saylor also highlights the strategic opportunity for the US to dominate the global digital assets market by growing digital capital markets from $2 trillion to $280 trillion. It strives to expand the digital currency market to $10 trillion, which could also strengthen the dollar’s global reserve status.
Also Read: Michael Saylor offers to Guide Trump On Crypto Policy
