-
The plan states that the regulation of digital assets must prioritize efficiency.
-
Saylor is president of MicroStrategy, the company with the largest amount of BTC in custody.
Michael Saylor, president of MicroStrategy and one of the leading proponents of Bitcoin (BTC) globally, has outlined an ambitious plan to position the United States as a leader in the 21st century digital economy.
In a document published in his account of X, the businessman exposes a regulatory and operational framework for the adoption of digital currency as a national strategic reserve, highlighting the importance of establishing an efficient and transparent system for digital assets.
Saylor begins his proposal with the need to categorize digital assets under a clear and understandable taxonomy. According to the businessman, this classification would facilitate regulation, increase public trust and encourage innovation.
Saylor proposes a specific classification for digital assets, starting with “Digital Commodities”, which are assets such as bitcoinwithout emitter and backed by digital energy.
Next, it describes “Digital Securities,” which have an issuer and are backed by financial assets such as stocks or debt. It also mentions “Digital Currencies”, which are issued and backed by fiat currency, and “Digital Tokens”, fungible and useful in digital contexts.
Furthermore, Saylor includes in his taxonomy the «NFT-non-fungible/” target=”_blank” rel=”noreferrer noopener”>NFTs Digital”, which are non-fungible assets issued to offer specific digital utility, and “Digital ABT”, assets backed by tangible assets such as gold or agricultural products.
This categorization not only helps to differentiate between the types of existing digital assets, but also underlines the importance of adequate regulation that recognizes these differences to promote a safer and more efficient Cryptocurrency ecosystem.
“Establishing a clear and universally understood taxonomy of digital assets is critical to advancing policy and fostering innovation,” says Saylor.
Rights and responsibilities for legitimacy
The proposed plan for the legitimacy of digital assets includes a clear framework of rights and responsibilities for issuers, exchanges and owners.
This framework seeks to balance trust in the market with the promotion of innovation. The issuers would have the right to create and issue digital assetsbut they must ensure that their information is transparent and ethical.
On the other hand, exchanges would be authorized to custody, trade and transfer these assets, on the condition that they are transparent and protect the interests of their clients.
“No one has the right to lie, cheat or steal. All participants are civilly and criminally responsible for their actions,” emphasizes the businessman.
Efficient regulation to drive innovation
Another key point of the businessman’s proposal is the need for regulation that prioritizes efficiency and minimizes bureaucracy.
In this sense, he maintains that it is necessary establish standardized disclosures for each type of digital asset and promote industry-led compliance, where exchanges collect and publish data transparently.
Additionally, it suggests limiting the costs of issuing and maintaining digital assets to 1% and 0.1% of the managed value, respectively. It proposes simplified issuance without the need for direct regulatory intermediation, which would allow exchanges to offer integrated services more efficiently.
The goal, according to Saylor, is to enable exponential improvements in cost, speed and accessibility, driving competition and innovation in the market.
Renaissance of capital markets
Michael Saylor envisions a renaissance of capital markets in the United States thanks to digital assets. According to him, These assets allow issuers to create new securities in a matter of daysinstead of the months or years traditionally required.
Additionally, issuance costs are drastically reduced, going from millions to just a few thousand dollars, making the process much more accessible.
This change would open markets to a wide range of participants, including millions of companies, artists and entrepreneurs. In particular, it would make it easier for small businesses and independent creators to raise capital more efficiently through tokenized assets, democratizing access to financing and boosting innovation and creativity in the market.
Bitcoin as a strategic reserve
The proposal underscores bitcoin’s potential as a strategic reserve capable of generating significant wealth for the United States.
According to the businessman, establishing a BTC reserve could create between $16 and $81 trillion in wealth for the US Treasury, providing a viable path to neutralizing the national debt.
These types of proposals gain strength after the president-elect in the United States, Donald Trump, promised to establish a bitcoin strategic reserve during his next administration.
MicroStrategy, the company led by Saylor, has become an example of this strategy. Since 2020, The firm has accumulated 439,000 BTC, with a total investment of more than 17 billion dollars. These acquisitions position MicroStrategy as the publicly traded company with largest amount of bitcoin in custody, as reported by CriptoNoticias.
Saylor’s paper poses an ambitious challenge, but also a unique opportunity for the United States to define the future of digital markets.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
