Michael Saylor Proposes Digital Assets Framework For US

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As a seasoned crypto investor with over two decades of experience navigating traditional and digital financial markets, I find Michael Saylor’s Digital Asset Framework intriguing and potentially groundbreaking for the US economy. Having witnessed the rapid evolution of the blockchain industry, I appreciate the thoughtfulness and comprehensiveness of this proposal.

According to Michael Saylor’s Digital Asset Framework, some experts suggest that a fresh, daring approach to digital assets could significantly reshape the American economy, boost the worth of the U.S. dollar, and establish the United States as a dominant player in the international digital finance market.

The holistic proposal details how to categorize digital assets, create a transparent marketplace, and encourage innovation in the digital finance industry. 

Developing distinct classifications for digital money, goods, virtual tokens, and non-interchangeable tokens (NFTs) can boost investment opportunities, foster innovation, and solidify America’s role as a leading force in the worldwide financial arena.

A key feature of the proposal is the precise categorization of various types of digital assets. By doing so, we can establish a well-defined system or classification that businesses, investors, and governments alike can understand and utilize in the rapidly expanding digital asset sector. The suggested classifications include:

  • Digital Commodities (e.g., Bitcoin)
  • Digital Securities (backed by stocks or bonds)
  • Digital Currencies (linked to traditional fiat currencies)
  • Digital Tokens (with specific utility)
  • Non-Fungible Tokens (NFTs) (representing unique digital assets)
  • Asset-Backed Tokens (ABTs) (tied to physical assets like gold or oil)

This organizational structure has been developed with the aim that digital resources can be quickly grasped by all parties involved, fostering a more dependable market environment for publishers, financiers, and proprietors, alike.

Implementing a strong digital asset strategy could bolster the U.S. dollar, offset our nation’s debt, and establish the United States as a dominant force in the 21st-century digital economy. This would benefit countless businesses, stimulate economic expansion, and potentially generate tremendous wealth totaling trillions of dollars.

— Michael Saylor⚡️ (@saylor) December 20, 2024

The proposal also stresses building trust in digital asset markets through setting clear rights and responsibilities for issuers, exchanges, and owners. It focuses on the ethical behavior of these entities, transparency, and compliance with regulations.

As a crypto investor, I understand that the power to mint and distribute digital assets remains with the issuers. However, they are obligated to provide full disclosure and uphold ethical standards in their actions. Exchanges, on the other hand, are entrusted with facilitating trading and safeguarding these assets. As an asset owner, it’s my responsibility to adhere to relevant laws and take necessary precautions to secure my investments.

A fundamental rule of this system is that honesty, fairness, and integrity must be upheld at all times; every player within the marketplace bears the consequences of their own decisions.

The proposal suggests a regulatory method that fosters innovation instead of hindering it. By simplifying compliance procedures and cutting through unnecessary bureaucracy, this approach intends to decrease both the time and financial burden associated with releasing digital assets.

A new asset should, on average, cost no more than 1% to issue a new asset whereas only 0.1% annually to maintain the same.

The proposed strategy will be to expand US capital markets massively so that millions of businesses can access funding through digital assets. This may be a shift that will open up opportunities for small businesses, artists, and even celebrities to raise capital, thereby reducing the cost of issuing digital assets from tens of millions of dollars to just thousands.

The goal of this proposal is to make the U.S. a leading player in the digital economy, a move that could boost global interest in U.S. Treasury bonds and thereby strengthen the U.S. dollar’s value, potentially reducing our country’s national debt.

It’s possible that the US dollar could become the primary digital currency used as a reserve worldwide, as the digital financial market balloons from a current value of $25 billion to an astonishing $10 trillion. This expansion in the digital capital market could potentially surge from $2 trillion to a staggering $280 trillion, with American investors poised to claim a significant portion of this massive wealth.

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2024-12-21 14:14