Michael Saylor's Digital Asset Framework Could Generate Up to $81 Trillion in Revenue for the U.S. Treasury

23/12/2024 11:57

MicroStrategy founder Michael Saylor recently proposed a digital asset framework for the United States, noting that "strategic digital asset policies can strengthen the dollar, offset the national debt, and make the United States a global leader in the 21st century digital economy." The framework proposes the establishment of a strategic Bitcoin reserve, "capable of creating $16 to $81 trillion in wealth for the U.S. Treasury to offset the national debt." The proposal defines six different categories: digital commodities such as Bitcoin, digital securities, digital currencies, digital tokens, NFTs, and asset-backed tokens, aiming to establish clear roles for issuers, exchanges, and owners, while emphasizing that no participant can "lie, cheat, or steal," and defining specific rights and responsibilities for each participant type. It also provides a simplified compliance approach and proposes compliance cost limits, with token issuance costs capped at 1% of managed assets and maintenance costs capped at 0.1% per year. "Digital asset regulation must prioritize efficiency and innovation over friction and bureaucracy," the proposal states, while advocating industry-led compliance rather than direct regulatory oversight. (Cointelegraph)

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Michael Saylor's Digital Asset Framework Could Generate Up to $81 Trillion in Revenue for the U.S. Treasury

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