MicroStrategy founder Michael Saylor has proposed a Digital Assets Framework for the United States that could create up to $81 trillion in wealth for the country’s Treasury. The framework includes establishing a Bitcoin reserve and aims to strengthen the US dollar, neutralize national debt, and position America as a global leader in the digital economy.
Saylor’s proposal defines six categories of digital assets and proposes clear roles for issuers, exchanges, and owners. It also aims to reduce issuance costs and expand market access, allowing 40 million businesses to issue assets. The framework could help position the US dollar as the global reserve digital currency and expand global capital markets from $2 trillion to $280 trillion.
However, not everyone is supportive of Saylor’s proposal. Serial Bitcoin detractor Peter Schiff has called it “complete bullshit” and warned that it would weaken the dollar, exacerbate national debt, and make America a laughing stock. MicroStrategy, which holds over 439,000 BTC, has seen its stock price soar alongside the cryptocurrency under Saylor’s leadership.
Saylor claims his proposal could create wealth worth $16 to $81 trillion for the US Treasury, providing a pathway to offset national debt. The framework prioritizes efficiency and innovation over friction and bureaucracy, advocating for industry-led compliance rather than direct regulatory oversight.
Source: https://cointelegraph.com/news/saylor-floats-us-crypto-framework-with-81-trillion-bitcoin-reserve