Michael Saylor Presents 'Digital Assets Framework' To SEC Crypto Task Force

Michael Saylor, executive chairman of Strategy MSTR, presented his “Digital Assets Framework, Principles, and Opportunity for the United States” document to the SEC Crypto Task Force on Friday, outlining a strategy to integrate digital assets into the U.S. economy.

What Happened: Shared via social media, the framework aims to position the U.S. as a leader in the global digital economy, according to posts on X.

Saylor's document proposes a clear taxonomy for digital assets, categorizing them into six types:

• Digital commodities like Bitcoin BTC/USD,
• Digital Securities tied to equities or debt
• Digital currencies pegged to fiat
• Digital utility tokens for platform use
• Non-Fungible Tokens (NFTs) as unique assets
• Asset-backed tokens linked to physical commodities

"By establishing a clear taxonomy, a legitimate rights-based framework, and practical compliance obligations, the United States can lead the global digital economy," Saylor stated in the proposal, as cited in posts on X.

The framework assigns specific roles to issuers, exchanges, and owners, emphasizing transparency and ethical conduct.

It states, "No one has the right to lie, cheat, or steal," setting a core principle that all participants are accountable for their actions, according to the document shared by Saylor.

Also Read: Bitcoin Stuck In 90-Day Consolidation Range: This Juncture Is Critical, Bitfinex Analysts Say

Exchanges are tasked with collecting and publishing asset data, while compliance costs are capped at 1% of assets under management for issuance and 0.1% annually for maintenance.

Saylor's proposal projects significant economic growth, aiming to expand the digital currency market from $25 billion to $10 trillion and the digital capital market from $2 trillion to $280 trillion.

"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," he wrote in a Dec. 21, 2024, X post, reflecting the framework's goals.

It also advocates for a strategic Bitcoin reserve, estimating it could generate $16–81 trillion in wealth for the U.S. Treasury.

The framework seeks to streamline regulation, reduce issuance costs, and foster innovation in digital finance.

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