Bumping into the Groove: Michael Saylor published an 《Policy Recommendations for Digital Economic Prosperity》, turning that recent set of ideas into a complete framework—the core is the “Digital Rights Bill”: creation, issuance, custody, transfer, and use.
On Bitcoin, he continues to define it as “digital capital,” arguing that banks can provide custody and offer collateralized credit under clear rules, and that insurance can also place BTC on its balance sheet and incorporate it into product design. He also specifically calls out that Basel applies a risk weight of 1250% to certain crypto exposures as too harsh; regulators should distinguish by custody/collateralized loans/ and proprietary positions.
The other points are just as direct: for digital dollar products, banks, fintechs, and tech platforms can compete on yield; for tokenized securities, holders should be able to self-custody and freely transfer them—not just move traditional securities onto the blockchain. He criticizes 《CLARITY》 for being overly restrictive, and places emphasis on progress over the next two years by the SEC, CFTC, the Treasury, and banking regulators.
$BTC #比特币 #regulation
On Bitcoin, he continues to define it as “digital capital,” arguing that banks can provide custody and offer collateralized credit under clear rules, and that insurance can also place BTC on its balance sheet and incorporate it into product design. He also specifically calls out that Basel applies a risk weight of 1250% to certain crypto exposures as too harsh; regulators should distinguish by custody/collateralized loans/ and proprietary positions.
The other points are just as direct: for digital dollar products, banks, fintechs, and tech platforms can compete on yield; for tokenized securities, holders should be able to self-custody and freely transfer them—not just move traditional securities onto the blockchain. He criticizes 《CLARITY》 for being overly restrictive, and places emphasis on progress over the next two years by the SEC, CFTC, the Treasury, and banking regulators.
$BTC #比特币 #regulation
