MicroStrategy founder Michael Saylor has put forward a Digital Assets Framework for the United States, suggesting the establishment of a Bitcoin reserve that could generate between $16 and $81 trillion for the Treasury. Saylor believes this strategic digital asset policy could strengthen the US dollar, alleviate national debt, and position the US as a leader in the digital economy. His framework categorizes digital assets into six categories and clarifies roles, rights, and responsibilities for market participants. It aims to streamline compliance, proposing a cost cap for token issuance and maintenance. Saylor argues that this initiative could unleash a significant increase in capital markets, creating trillions in value. However, his proposal has faced criticism, with detractors like Peter Schiff claiming it would weaken the dollar and exacerbate debt issues. Saylor's MicroStrategy has notably amassed over 439,000 BTC, significantly boosting the company's valuation this year.

Source 🔗