Author: Martin Young, CoinTelegraph; Compiler: Deng Tong, Golden Finance

MicroStrategy founder Michael Saylor proposed a crypto-asset framework for the United States, which includes establishing a Bitcoin reserve, which he claims can Create up to 81 trillion US dollars in wealth for the country's treasury.

Saylor said in a December 21 p>Saylor’s crypto framework proposes the establishment of a strategic Bitcoin reserve that “could create $16 to $81 trillion in wealth for the U.S. Treasury, providing a way to offset debt.”

In Under Saylor's leadership, MicroStrategy has amassed more than 439,000 Bitcoins and is now worth well over $41 billion, sending the company's stock soaring alongside cryptocurrencies this year. He pitched Microsoft to buy Bitcoin, but the idea was rejected by shareholders.

Saylor’s proposal defines six different investment categories: digital commodities such as Bitcoin, digital securities, digital currencies, digital tokens, non-fungible tokens (NFTs) and asset-backed tokens.

The framework aims to establish clear roles for issuers, exchanges and owners, defining specific rights and responsibilities for each participant type, while emphasizing that no participant can "lie, cheat or theft".

It also provides a simplified approach to compliance and proposes compliance cost limits, with the maximum cost of token issuance being 1% of assets under management and maintenance costs being 0.1% per year.

The proposal states: “Digital asset regulation must prioritize efficiency and innovation, rather than obstacles and bureaucracy,” advocating industry-led compliance rather than direct regulation.

Excerpted from Saylor's "Digital Asset Framework". Source: Michael Saylor

It also said the United States has an opportunity to "catalyze the renaissance of capital markets in the 21st century, unlocking trillions of dollars in value creation."

It aims to significantly reduce issuance costs from millions to thousands of dollars and expand market access from 4,000 listed companies to 40 million businesses, with a focus on rapid issuance of assets.

Finally, the cryptographic framework is designed to help the U.S. dollar become the global reserve digital currency. It also aims to expand the global digital capital market from $2 trillion to $280 trillion, with "U.S. investors taking the majority of the wealth."

"By establishing clear classifications," the proposal concludes law, legal rights frameworkand real compliance obligations, the United States can lead the global digital economy. ”

However, Peter Schiff, a serial critic of Bitcoin, said the proposal was “complete nonsense,” adding that “it would have the opposite effect. It will weaken the dollar, exacerbate debt, and make the United States a laughing stock. ”

MicroStrategy is the largest corporate holder of Bitcoin, with a total portfolio profit of 54%, according to SaylorTracker.