The post Major Breakthrough Happened: Bitcoin Bull Michael Saylor Sits Down With SEC Officials Over Cryptocurrencies appeared on BitcoinEthereumNews.com.

Bitcoin advocate and MicroStrategy Chairman Michael Saylor met with officials from the U.S. Securities and Exchange Commission (SEC) as the regulatory environment for cryptocurrencies continues to evolve under the Trump administration. The meeting with the SEC’s Crypto Task Force focused on establishing a structured approach to digital asset regulation and positioning the United States as a leader in the emerging digital economy. According to an internal memorandum, the discussion revolved around the fundamental principles for regulating cryptocurrencies. Saylor presented a comprehensive framework titled Digital Assets Framework, Principles, and Opportunity for the United States, outlining a vision for taxonomy, legitimacy, compliance, and innovation in digital asset markets. One of the key proposals discussed was to define digital assets into six clear categories: Digital Commodities – Assets that have no issuer and are backed by digital power (e.g. Bitcoin). Digital Securities – Assets with issuers backed by traditional financial instruments. Digital Currencies – Assets backed by fiat currency. Digital Tokens – Fungible assets with digital utility. Digital NFTs – Non-fungible assets with digital utility. Digital ABTs – Assets backed by physical commodities such as gold or oil. Clear classification is necessary to spur innovation and provide regulatory clarity to businesses and investors, Saylor said. The meeting also explored ways to create rights and responsibilities for issuers, exchanges, and asset owners. Saylor’s framework argues that: Issuers have the right to create and issue digital assets while ensuring fair disclosure. Exchanges to manage custody, trading, and compliance while maintaining transparency. Asset owners have the right to self-custody, subject to local regulations. A key principle of the framework is to ensure market integrity by preventing fraudulent activities such as misrepresentation, market manipulation or illegal financial practices. Saylor’s plan calls for a practical regulatory framework that prioritizes innovation over excessive bureaucracy. Key recommendations include: Standardized disclosures…

---

Filed under: News - @ February 24, 2025 11:21 pm