Michael Saylor's proposed digital asset framework aims to generate up to $81 trillion for the U.S. Treasury
MicroStrategy founder Michael Saylor recently proposed a digital asset framework for the United States, stating: 'Strategic digital asset policies can strengthen the dollar, offset national debt, and make the U.S. a global leader in the digital economy of the 21st century.' The framework proposes establishing a strategic Bitcoin reserve that 'could create $16 to $81 trillion in wealth for the U.S. Treasury to offset national debt.'
The proposal defines six different categories: digital commodities like Bitcoin, digital securities, digital currencies, digital tokens, NFTs, and asset-backed tokens, aiming to establish clear roles for issuers, exchanges, and owners while emphasizing that no participant can 'lie, cheat, or steal,' and defining specific rights and responsibilities for each type of participant.
It also provides a simplified compliance approach and proposes limits on compliance costs, with token issuance costs capped at 1% of asset management and maintenance costs capped at 0.1% per year.
'Digital asset regulation must prioritize efficiency and innovation over friction and bureaucracy,' the proposal states, advocating for industry-led compliance rather than direct regulatory oversight.