Michael Saylor Met with the SEC Crypto Task Force, Presents Digital Assets Framework

Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy) and a vocal Bitcoin evangelist, has dropped a comprehensive “Digital Assets Framework, Principles, and Opportunity for the United States” document. Presented to the SEC Crypto Task Force on Friday, this blueprint aims to position the United States as the global frontrunner in the digital economy, leveraging assets like Bitcoin to reshape financial markets.

Saylor’s framework begins with a detailed taxonomy that categorizes digital assets into distinct classes, such as Digital Commodities like Bitcoin, backed by digital power, Digital Securities tied to equities or debt, Digital Currencies supported by fiat, Digital Tokens offering utility, Digital NFTs for non-fungible assets, and Digital Asset-Backed Tokens linked to physical assets like gold or oil.

A Vision for Transformation

This classification creates a universal understanding to advance policy and innovation, addressing the confusion that often hinders crypto regulation. The document emphasizes legitimacy by establishing rights and responsibilities, ensuring issuers can create assets, crypto exchanges can custody and trade them, and owners can self-custody, all while adhering to a principle against lying, cheating, or stealing. Saylor proposes practical compliance measures, keeping costs low—no more than 1% of assets under management for issuance and 10 basis points annually for maintenance—while empowering exchanges to handle disclosures and remove regulators from the critical path of issuance.

The ambition extends to a capital markets renaissance, where issuing digital assets could take hours instead of months, slashing costs from millions to thousands of dollars. This would open opportunities for millions of businesses, artists, and innovators to raise capital through tokenized assets, including commodities, real estate, art, and intellectual property.

At the core of his vision is a Strategic Bitcoin Reserve, potentially worth $16 to $81 trillion, which could neutralize the national debt and bolster the U.S. dollar’s status as the world’s reserve currency. With digital capital markets projected to grow from $2 trillion to $280 trillion globally, and digital assets beyond Bitcoin expanding from $1 trillion to $590 trillion, Saylor believes the U.S. can dominate this industry, building on Strategy’s $9.9 billion investment in over 252,000 Bitcoins and his recent alignment with President Donald Trump’s pro-Bitcoin policies.