Michael Saylor urges digital asset rights and bank reforms
4 Regulation Michael Saylor advocates five digital asset rights and regulatory reforms, enabling banks to custody and lend against Bitcoin, aiming for a $100 trillion digital asset industry.
Michael Saylor has released a set of policy proposals advocating for a robust digital rights framework to foster the growth of the digital asset economy. He emphasizes five essential rights for individuals and companies: the ability to create, issue, custody, transfer, and use digital assets. Saylor insists these rights should be universally accessible, supported by financial privacy and genuine market access. He suggests that banks and insurers should be permitted to custody Bitcoin and provide loans using BTC as collateral, provided clear regulations are in place. This, he argues, could significantly accelerate the expansion of the crypto industry. Saylor also critiques current regulatory measures, such as the Basel Accord's high risk weighting for crypto assets and the restrictive CLARITY bill. He calls for a reassessment of these policies based on real risks and business activities. With these reforms, he envisions 10 million new companies raising capital via digital tokens, projecting the digital asset industry could reach $100 trillion, especially as AI becomes more integrated with finance.
