Michael Saylor Proposes U.S. Digital Asset Framework
The post Michael Saylor Proposes U.S. Digital Asset Framework appeared on BitcoinEthereumNews.com.
Michael Saylor, the CEO of MicroStrategy and a strong Bitcoin supporter, has introduced a new proposal for the U.S. government called the “Digital Asset Framework.” This plan aims to boost the U.S. economy, enhance the value of the U.S. dollar, and position the country as a leader in the global digital finance space. Key Features of the Proposal Saylor’s framework provides a detailed approach to organizing and regulating digital assets while fostering innovation. It focuses on creating clear classifications, reducing compliance costs, and expanding opportunities in digital finance. The proposal outlines a classification system to help businesses, investors, and governments better understand digital assets. The suggested categories include: Digital Commodities for Examples include Bitcoin, which operates without a central issuer. Digital Securities like Assets tied to stocks or bonds. Digital Currencies are Linked to traditional fiat currencies like the U.S. dollar. Digital Utility Tokens that are Designed for specific uses within a platform. Non-Fungible Tokens (NFTs) are Unique digital assets representing ownership. Asset-Backed Tokens (ABTs) are Tied to real-world assets such as gold or oil. The framework proposes simplifying the process of issuing digital assets to reduce costs and save time. For example: Issuing a new digital asset should cost no more than 1% of its value. Annual maintenance costs for digital assets should be capped at 0.1%. This will make it easier for businesses, artists, and entrepreneurs to access funding through digital assets, reducing costs from millions of dollars to just thousands. The proposal emphasizes ethical practices and clear responsibilities: Issuers must disclose key information and act ethically. Exchanges will handle trading and asset storage securely. Owners must comply with regulations and protect their investments. The guiding principle is simple: no one should “lie, cheat, or steal.” The framework aims to create a trustworthy digital finance ecosystem by ensuring…
