Michael Saylor published a long essay titled "Prescriptions for Prosperity in the Digital Economy," arguing that artificial intelligence will significantly raise the productivity of individuals and companies and that digital assets should be easier to create, finance, own, and trade. According to Odaily, he proposed a "digital rights bill" for digital assets that would give individuals and businesses the rights to create, issue, custody, transfer, and use digital assets, while providing basic protections for financial privacy, asset ownership, and market access.
Saylor said digital intelligence will lead to the creation of many new companies and called for lower financing costs, less complexity, and shorter timelines, including through digital tokens. He said the goal should be to enable 10 million new companies to raise funding and to establish clear issuance rules and disclosure requirements matched to risk.
On digital dollars, Saylor said banks, fintech firms, and technology platforms should be allowed to compete more fully in digital dollar products, including competition on yield. He said the U.S. could expand the global reach of the dollar by allowing companies to develop more competitive digital dollar products.
For Bitcoin, Saylor described it as "digital capital" and said banks should be allowed to custody Bitcoin under clear rules and use it as collateral for credit. He also said insurers should have a workable path to include digital capital on their balance sheets and in product design. He pointed to the Basel framework's 1,250% risk weight for some crypto exposures and said regulators should reassess related capital requirements based on the actual risk of digital assets and specific business activities.
