Michael Saylor Unveils New Bitcoin Framework to Boost The US Leadership In Crypto
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Michael Saylor, co-founder and chairman of business intelligence firm MicroStrategy, has unveiled a comprehensive crypto framework aimed at further integrating Bitcoin and other digital assets into the US economy. Shared via social media on Friday, Saylor’s proposal comes at a time of increasing institutional interest in cryptocurrencies and aims to position the United States as a leader in the 21st-century digital economy. Bitcoin And Crypto Framework To Strengthen US Dollar Saylor emphasizes that a well-structured digital asset policy could significantly strengthen the US dollar, mitigate national debt, and empower millions of businesses. He believes that by establishing a clear and universally understood taxonomy of digital assets, the US can foster innovation and create trillions in value. Saylor’s framework categorizes digital assets into several key classes, including digital commodities like Bitcoin, which are backed by their own digital power, and digital securities that represent ownership in equities and derivatives. Other categories include digital currencies linked to fiat money, fungible digital tokens offering specific utilities, unique non-fungible tokens (NFTs), and digital assets tied to physical commodities like gold or oil. To ensure the legitimacy of these assets, Saylor insists that a robust framework defining the rights and responsibilities of all market participants is essential. This system aims to establish a trustworthy environment where issuers have the right to create assets while ensuring fair disclosure, exchanges are responsible for safeguarding client assets and maintaining transparency, and owners are empowered to manage their assets in compliance with local laws. Central to this framework is the foundational principle that all participants must act ethically, with civil and criminal accountability for their actions. Transform Digital Markets And Offset National Debt Saylor also advocates for a regulatory approach that prioritizes efficiency and innovation over “bureaucratic hurdles.” He proposes standardized disclosures and industry-led compliance measures that enable exchanges…
