The post Michael Saylor Creates Digital Assets Framework appeared on BitcoinEthereumNews.com.

Michael Saylor, co-founder and executive chairman of MicroStrategy, has thrown his support behind a bold new Bitcoin initiative spearheaded by President-elect Donald Trump. In a digital asset policy proposal published on Friday, Saylor advocates for a “strategic bitcoin reserve” as part of a sweeping framework designed to cement the United States’ dominance in the burgeoning digital economy. Dubbed the “Digital Assets Framework,” the proposal outlines measures to foster industry growth, establish compliance standards, and define the rights of crypto asset holders and companies. “By creating a clear taxonomy, rights-based frameworks, and practical compliance obligations, the U.S. can lead the global digital economy,” Saylor wrote in the proposal. “A capital markets renaissance driven by digital assets will unlock trillions of dollars in wealth, empower countless businesses, and fortify the U.S. dollar as the backbone of 21st-century finance.” The Vision: America as the Digital Economy’s Vanguard Saylor, a prominent Bitcoin advocate since his company began amassing Bitcoin in 2020, envisions the U.S. taking a leadership role in the digital economy to maintain its global economic clout. MicroStrategy, known for its business intelligence software, is now the largest corporate holder of Bitcoin, with a staggering $42.6 billion worth of the asset. Despite his reputation as a Bitcoin maximalist—a staunch believer in Bitcoin’s superiority over other cryptocurrencies—Saylor’s framework extends beyond Bitcoin. His vision includes establishing universal standards for a variety of digital assets while bolstering the U.S. dollar’s dominance as the global reserve currency. The framework proposes a unified taxonomy for digital assets and standards that could reduce national debt while positioning America as the global hub of the digital economy. This approach, according to Saylor, would not only maintain but enhance the U.S. dollar’s preeminent status in global finance. Source: Saylor Defining Digital Assets At the core of Saylor’s proposal is a detailed…

---

Filed under: News - @ December 22, 2024 3:04 pm