Author: Esther Hui; Source: Cryptonews

MicroStrategy founder Michael Saylor strongly supports President-elect Trump’s proposal to establish a strategic Bitcoin reserve.

In his "Digital Asset Framework" released on Friday, the proposal details the U.S. path to promoting the growth of the digital asset industry, establishing clear compliance standards, and ensuring the rights of crypto asset holders and companies. picture.

Saylor’s framework emphasizes the importance of the United States leading the global digital economy through innovation in the field of digital assets.

He wrote: "The United States can lead the global digital economy by establishing a clear taxonomy, a legal rights framework, and practical compliance obligations."

He added that these Measures could unlock trillions of dollars in wealth, empower millions of businesses, and secure the U.S. dollar’s ​​cornerstone status in digital financial systems.

A long-time Bitcoin supporter, Saylor rose to prominence in 2020 when MicroStrategy began acquiring large amounts of Bitcoin.

This company mainly provides business intelligence software and currently holds approximately US$42.6 billion in Bitcoin, making it the world's largest corporate Bitcoin holder.

Although Saylor is widely viewed as a Bitcoin maximalist, his framework goes beyond Bitcoin, proposing a universal standard that applies to all digital assets.

He suggested creating a comprehensive taxonomy to classify digital assets, including "digital commodities" like Bitcoin, "digital securities" such as tokenized equity or debt, and "digital securities" backed by fiat currencies. currency” and “digital tokens” that provide utility.

Non-fungible tokens (NFTs) and tokens linked to physical assets such as gold and oil are also clearly classified.

Saylor’s proposal calls for the establishment of a comprehensive framework of rights and responsibilities for issuers, exchanges and other participants in the digital asset ecosystem. .

The framework will ensure transparency, compliance with local laws and accountability.

He emphasized: "No one has the right to lie, cheat or steal. All participants must bear civil and criminal responsibility for their actions."

In order to encourage innovation, Saylor advocates Limit compliance costs for token issuance to 1% of the company’s assets under management and keep annual maintenance costs to no more than 10 basis points.

He believes that this approach can significantly reduce the cost of issuing tokens from $10 million to $100 million to $10,000 to $100,000, and reduce the timetable for launching new digital assets from several years Cut it down to a few minutes.

The core of Saylor’s vision is to position the U.S. dollar as a “global reserve digital currency.”

He proposed growing the stablecoin market from the current $25 billion to $10 trillion, which would create huge demand for U.S. Treasury bonds and solidify the dollar’s ​​dominance.

Saylor also supports the establishment of a strategic Bitcoin reserve, which has the support of lawmakers such as Senator Cynthia Lummis and President-elect Trump.

While Saylor did not specify the size of the reserve, he suggested it could create between $16 trillion and $81 trillion in wealth and potentially eliminate $36 trillion in U.S. debt.

Trump reiterated his commitment to retaining 198,000 Bitcoins obtained through criminal forfeiture and recently expressed support for the establishment of a Bitcoin reserve.