MicroStrategy founder Michael Saylor recently proposed a digital asset framework for the United States, stating: “A strategic digital asset policy can strengthen the dollar, offset national debt, and position the U.S. as a global leader in the 21st-century digital economy.” The framework proposes the establishment of 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, aimed at establishing clear roles for issuers, exchanges, and owners, while emphasizing that no participant can “lie, deceive, 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, while advocating for industry-led compliance rather than direct regulatory oversight. (Cointelegraph)

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