Michael Saylor, the founder of MicroStrategy, published a digital asset policy proposal supporting President-elect Donald Trump‘s strategic bitcoin reserve.

This plan, titled the “Digital Assets Framework,” outlines how the U.S. can support the crypto industry, establish compliance and communication standards, and define the rights of crypto asset holders and companies.

“By creating a clear taxonomy and practical compliance rules, the U.S. can lead the global digital economy,” Saylor said, adding that this approach would generate trillions in wealth and strengthen the U.S. dollar as the foundation of the digital financial system.

Known as a Bitcoin maximalist, Saylor calls for universal standards for “digital assets beyond Bitcoin” and strengthening the U.S. dollar’s position as the global reserve currency.

The plan aims to position the U.S. as a leader in the digital economy and balance the national debt.

Key Details of Michael Saylor’s Proposal

According to Michael Saylor‘s proposal, the definition of a “digital commodity” includes assets without an issuer, supported by digital power, with Bitcoin being an example.

“Digital securities” (tokenized equity or debt), “digital currencies” (fiat-backed), and “digital tokens” (fungible, utility-providing assets) are classified as assets with an issuer.

NFTs and tokens backed by physical assets like gold or oil are categorized separately.

Saylor proposes a “rights and responsibilities framework” for crypto issuers, exchanges, and other participants. This includes rights to create, store, buy, sell, and transfer digital assets. Responsibilities include public disclosures and compliance with local laws.

“No one has the right to lie, cheat, or steal. All participants are legally and criminally responsible for their actions,” Saylor states.

Additionally, Saylor advocates for limiting compliance costs. He suggests that the cost of issuing a token should not exceed 1% of a firm’s assets under management, and the annual maintenance cost should not exceed 10 basis points.

This could reduce issuance costs from $10–100 million to $10–100 thousand and potentially allow token launches to happen in minutes rather than years.

Neutralization of Debt

Michael Saylor advocates for the U.S. to be at the center of the digital economy to maintain its leadership in the global economy. He argues that becoming a crypto hub is key to preserving the hegemonic status of the U.S. dollar.

Previously referring to the dollar as a “melting ice cube,” Saylor believes the U.S. should position the dollar as the “global reserve digital currency.”

He proposes expanding the stablecoin market from $25 billion to $10 trillion and creating significant demand for U.S. Treasury bonds.

Additionally, Saylor suggests that U.S. investors should capture the majority of the wealth in the growing crypto industry.

Saylor also argues for the creation of a “strategic bitcoin reserve” by the U.S., which he believes could generate between $16–81 trillion in wealth. This proposal has been supported by figures like President-elect Donald Trump and Senator Cynthia Lummis.

Trump has pledged not to sell the approximately 198,000 bitcoins held by the government and has endorsed the creation of a bitcoin reserve.

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