Michael Saylor published a long post titled Prescriptions for Prosperity in the Digital Economy, arguing that artificial intelligence will significantly raise the productive capacity of individuals and companies and that rules should allow freer creation, financing, ownership, and trading of assets. According to ChainCatcher, he proposed a “digital rights bill” for digital assets that would protect the rights of individuals and businesses to create, issue, custody, transfer, and use digital assets, while also providing basic safeguards for financial privacy, property ownership, and market access.

Saylor said digital intelligence will lead to the creation of many new businesses and called for lower financing costs, less complexity, and shorter timelines for capital formation. He said the goal should be to enable 10 million new companies to obtain financing, supported by clearer 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 offerings.

On 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 viable path to include digital capital on balance sheets and in product design. Saylor pointed to the Basel framework’s 1,250% risk weight for some crypto exposures and said regulators should reassess capital requirements based on the actual risk of digital assets and the specific business activities involved.