Michael Saylor, a co-founder of Technique has taken to his account on the X platform to disclose his current go to to the Monetary Companies Committee, the place he talked about digital belongings.
Saylor stated that they mentioned how the US can change into the worldwide chief in Bitcoin and crypto basically. Throughout this assembly, based on Saylor, he offered to the Monetary Companies Committee members the Digital Asset Framework which mentions Bitcoin (digital commodity).
He Technique’s govt chairman shared a hyperlink to this doc within the tweet.
Saylor’s Digital Asset Framework and Bitcoin
The doc that Saylor went to the assembly known as “Digital Belongings Framework, Rules, and Alternative for the US.” It suggests clear definitions for varied kinds of digital belongings, tips on how to set up legitimacy for them. It additionally talks about compliance measures to energy innovation primarily based on these merchandise and tips on how to flip the US right into a “international digital chief.”
On Tuesday, I had the chance to fulfill with the Home Monetary Companies Committee and @RepFrenchHill to debate digital belongings and the way we are able to make the U.S. the worldwide chief in Bitcoin and crypto. The Digital Belongings Framework I offered in the course of the assembly is connected beneath. https://t.co/S9l79CphUX
— Michael Saylor
(@saylor) February 27, 2025
The framework doc defines a number of sort of digital belongings. Amongst them, there are digital commodities (Bitcoin), a digital safety which has an issuer and it’s backed by a safety; then there’s digital forex backed by fiat (mainly, a stablecoin), digital token (which affords utility), digital NFT, and digital ABT (a digital asset backed by a bodily asset, e.g. gold, oil, and so on).
The doc affords varied methods to legalize these digital belongings and use them in digital economic system to spice up the actual economic system of the US.
It mentions the creation of a Strategic Bitcoin Reserve, promising to create “$16–81 trillion in wealth for the US Treasury, offering a pathway to offset nationwide debt.”
Saylor shills Bitcoin to Jeff Bezos
Earlier this week, Michael Saylor offered a Bitcoin resolution to the legend of the enterprise world and the founding father of Amazon Jeff Besoz. The latter revealed a tweet by which he promised to defend “private liberties and free markets.”
That was a change within the coverage of The Washington Put up and its opinion pages particularly. Bezos praised America, saying that this isn’t a typical nation. He burdened the significance of private freedom for the US by saying: “Freedom is moral — it minimizes coercion — and sensible — it drives creativity, invention, and prosperity,”
Saylor responded that Bitcoin is “one of the best ways to advertise private liberties and free markets.”
