Odaily Planet Daily News: MicroStrategy founder Michael Saylor recently proposed a digital asset framework for the United States, stating that "strategic digital asset policies can strengthen the US dollar, offset national debt, and make the United States a global leader in the digital economy of the 21st century." The framework proposes the establishment of a strategic Bitcoin reserve, "which can create $16 to $81 trillion in wealth for the US Treasury Department to offset 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, deceive, 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 up to 1% of managed assets and maintenance costs up to 0.1% per year.
The regulation of digital assets must prioritize efficiency and innovation over friction and bureaucracy, "the proposal states, while advocating for industry led compliance rather than direct regulatory oversight. (Cointelegraph)