Where/when: Sep 26, 2026 X essay + Freedom Technology Summit Washington DC Bitcoin Policy Institute — speech with Conner Brown — title "needs a bill of digital rights, not a bill of restrictions"* $QNT $HBAR
- *5 rights: Create assets/apps, Issue to finance, Choose custody (self or provider), Transfer between individuals/providers, Use to spend/invest/earn income/borrow — backed by financial privacy + real market access — property means little if state restricts owner actions*
- *vs CLARITY: calls it bill of restrictions — notes ∼630 pages, ∼600 pages restrictions — CLARITY failed cloture Sep 15 49-50 needs 60 — Saylor: "Bitcoin doesn't need CLARITY. America needs clarity" — argues SEC/CFTC/Treasury/White House can advance without Congress using existing authority — SEC Innovation Exemption Sep 17 proof*
- *Tokenized securities core: owners should own directly + move between providers — compare custody/credit services — forces intermediaries compete — not just moving traditional securities onchain*
- *Custody/banking: allow banks hold BTC as asset + lend against it reasonable commercial terms — remove Basel 1,250% risk weight for Group 2b — differentiate custody vs collateralized lending vs own balance sheet — JPM/Citi/Morgan Stanley could lead — estimates $1.6T BTC unbanked outside ETFs — $10B bank credit = ~year new supply — 2-3 banks $100B in 12mo could double/triple price — insurers also incorporate BTC*
- *Privacy: ordinary legit tx below $10k threshold should not trigger routine govt reporting solely due to transfer — plus de minimis tax exemption for everyday payments (track cap gains per coffee = friction) — stablecoin issuers should compete on yield, disclose risks — tech firms should be able to issue digital dollars*#QNTFallsOver40%FromMorningHigh #BitgetDetailsSecurityIncidentTimeline #FedProposesPaymentStablecoinRules
- *5 rights: Create assets/apps, Issue to finance, Choose custody (self or provider), Transfer between individuals/providers, Use to spend/invest/earn income/borrow — backed by financial privacy + real market access — property means little if state restricts owner actions*
- *vs CLARITY: calls it bill of restrictions — notes ∼630 pages, ∼600 pages restrictions — CLARITY failed cloture Sep 15 49-50 needs 60 — Saylor: "Bitcoin doesn't need CLARITY. America needs clarity" — argues SEC/CFTC/Treasury/White House can advance without Congress using existing authority — SEC Innovation Exemption Sep 17 proof*
- *Tokenized securities core: owners should own directly + move between providers — compare custody/credit services — forces intermediaries compete — not just moving traditional securities onchain*
- *Custody/banking: allow banks hold BTC as asset + lend against it reasonable commercial terms — remove Basel 1,250% risk weight for Group 2b — differentiate custody vs collateralized lending vs own balance sheet — JPM/Citi/Morgan Stanley could lead — estimates $1.6T BTC unbanked outside ETFs — $10B bank credit = ~year new supply — 2-3 banks $100B in 12mo could double/triple price — insurers also incorporate BTC*
- *Privacy: ordinary legit tx below $10k threshold should not trigger routine govt reporting solely due to transfer — plus de minimis tax exemption for everyday payments (track cap gains per coffee = friction) — stablecoin issuers should compete on yield, disclose risks — tech firms should be able to issue digital dollars*#QNTFallsOver40%FromMorningHigh #BitgetDetailsSecurityIncidentTimeline #FedProposesPaymentStablecoinRules
