Michael Saylor Reveals Strategic Bitcoin-Based Digital Asset Policy for US
The post Michael Saylor Reveals Strategic Bitcoin-Based Digital Asset Policy for US appeared on BitcoinEthereumNews.com.
Michael Saylor, a vocal Bitcoin evangelist and co-founder of the MicroStrategy giant, has published a post on the X social media platform, offering to readers’ attention his strategic digital asset policy that “can strengthen the US dollar” and help America experience a large economic boost in the 21st century. The document, revealing details of that concept was published on Michael Saylor’s personal website. 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 Strategic Bitcoin and digital asset policy for the US The document published by Saylor is titled “Digital Assets Framework, Principles, and Opportunity for the United States.” It suggests dividing digital assets into several groups, establishing legitimacy for them, setting up “rational compliance”, as well as offering a vision of “Capital Markets Renaissance.” As part of this concept, Saylor believes it is necessary to divide digital assets into several categories. That includes a “digital commodity”, i.e. assets without an issuer and backed by digital power, such as Bitcoin; a “digital security”, which is “An asset with an issuer, backed by a security (e.g., equity, debt, derivatives)”. Related Key fundamentals of Saylor’s concept Then goes a definition of a “digital token” (with utility being the main feature), a “digital NFT”, and a “digital ABT”, which is “An asset with an issuer, backed by a physical asset (e.g., gold, oil, agricultural commodities).” The above-mentioned document also includes a section about the creation of a “robust framework of rights and responsibilities” targeted at asset issuers, exchanges and asset owners in order “to engage in digital asset markets with confidence.” A key principle for implementing the concept and…
