Michael Saylor proposes digital rights framework as digital-asset industry targets $100 trillion

  • Michael Saylor proposed five rights to create, issue, custody, transfer and use digital assets.
  • Saylor set a goal of financing 10 million new companies through digital-token issuance.
  • Saylor urged banks to custody Bitcoin and extend credit against customers' Bitcoin holdings.

Strategy Executive Chairman Michael Saylor proposed a bill of digital rights for individuals and companies using digital assets, covering creation, issuance, custody, transfer and use. Speaking with Conner Brown at the Bitcoin Policy Institute's Freedom Tech DC summit, he said an economy increasingly driven by artificial intelligence requires faster, more accessible capital markets and better forms of money. His plan seeks to enable 10 million new companies to raise capital through digital tokens by reducing costly and complex issuance requirements. Saylor urged banks to custody Bitcoin and provide loans backed by customers' holdings under clearer capital rules, while calling for a review of the Basel framework's treatment of cryptoasset exposures. He also backed competition among banks, fintech companies and technology platforms issuing dollar-backed digital products, including competition on yield. The proposal calls for inflation-adjusted reporting thresholds for lawful transactions, reusable compliance credentials and a de minimis tax exemption for everyday digital-asset spending. Saylor criticized the CLARITY approach as overly restrictive after the Senate's Sept. 15 vote against advancing the legislation, and identified the SEC, CFTC, Treasury and White House as central to progress. He projected that policies expanding ownership rights could support a $100 trillion digital-asset industry.

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