5 Key Measures Michael Saylor Proposes for Regulating Digital Assets

August 18

4 min read

5 Key Measures Michael Saylor Proposes for Regulating Digital Assets

Michael Saylor, executive chairman of Strategy and a staunch Bitcoin proponent, has a clear vision for the regulation of digital assets.

Saylor’s company Strategy holds more than 500,000 BTC, currently valued at more than $43 billion. He recently outlined his proposed measures for establishing a clearer, innovation-leaning regulatory framework that will help position the U.S. as the global leader in digital finance.

In his “Digital Assets Framework, Principles, and Opportunity for the United States” white paper, Saylor focused on five key areas.

Check the carousel to see what the pillars of his suggested approach are…

Split slide with text “Clear Classification of Digital Assets” on the left and image of a person holding a lantern near a cliffside at dusk on the right. Large number 1 is displayed.

Text slide stating: “Saylor believes digital assets should be classified into six clearly defined categories: Digital Commodities, Digital Securities, Digital Currencies, Digital Token, Digital Non-Fungible Tokens (NFTs), Digital Asset-Backed Tokens (ABTs).”

Split slide with text “Transparent and Legitimate Rights and Responsibilities” on the left and image of a hand holding a magnifying glass showing a focused view of autumn trees on the right. Large number 2 is displayed.

Saylor_4.png Text slide stating: “Clear rights and responsibilities for the major parties involved (issuers, exchanges and owners), based on civil and criminal responsibility for their actions, would pave an ethical path to legitimacy.”

Split slide with text “Prioritization of Efficiency and Innovation in Compliance” on the left and image of a person using a tablet under purple lighting on the right. Large number 3 is displayed.

Text slide stating: “The overall aim is to improve in all areas of the market, drive innovation, and essentially lower barriers to entry through standardized disclosures and industry-led compliance protocols.”

Split slide with text “Vision for a Capital Markets Renaissance” on the left and image of a person pointing at a tablet showing stock charts on the right. Large number 4 is displayed.

Text slide stating: “The mission involves reducing the time taken for the issuance of digital assets, opening capital markets to upwards of 40 million businesses and enabling capital raises through tokenized assets.”

Split slide with text “The U.S. as THE Global Digital Leader” on the left and an image of New York City skyline viewed from across the water on the right. Large number 5 is displayed.

Text slide stating: “Saylor believes the U.S. can strengthen its dollar and neutralize the national debt, establishing the country as the global leader in the digital economy, with Bitcoin acquisition a focal point of Saylor’s vision for a national reserve.”

The descriptions provided are all based on publicly available information. Sources of information used in this post include Forbes and Fintech Weekly. All transactions involving digital assets involve certain risks, which you should familiarize yourself with prior to any investment.