Michael Saylor Supports Trump's Strategic Bitcoin Reserve in New Policy Proposal

MicroStrategy founder Michael Saylor has expressed strong support for President-elect Donald Trump's proposal to establish a strategic Bitcoin reserve.

Detailed in his "Digital Assets Framework" policy published Friday, the proposal outlines a roadmap for the United States to foster growth in the digital asset industry, establish clear compliance standards, and ensure defined rights for crypto asset holders and companies.

Saylor Says the U.S. Needs to Lead Digital Economy

Saylor's framework noted the importance of the U.S. leading the global digital economy through innovation in digital assets.

“By establishing a clear taxonomy, a legitimate rights-based framework, and practical compliance obligations, the United States can lead the global digital economy,” he wrote.

He added that such measures could unlock trillions of dollars in wealth, empower millions of businesses, and secure the U.S. dollar's status as the cornerstone of the digital financial system.

A long-time Bitcoin advocate, Saylor gained prominence in 2020 when MicroStrategy began acquiring significant amounts of the cryptocurrency.

The company, which primarily provides business intelligence software, now holds an estimated $42.6 billion in Bitcoin, making it the largest corporate holder of the asset.

While Saylor is widely regarded as a Bitcoin maximalist, his framework extends beyond Bitcoin, proposing universal standards for all digital assets.

He suggested creating a comprehensive taxonomy to classify digital assets, including "digital commodities" like Bitcoin, "digital securities" such as tokenized equity or debt, "digital currencies" backed by fiat, and "digital tokens" offering utility.

Non-fungible tokens (NFTs) and tokens linked to physical assets like gold and oil are also distinctly categorized.

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