Digital Rights Bill Urged
MicroStrategy's Michael Saylor Urges Regulators to Adopt a Digital Rights Bill
Anonymous
Strategy Executive Chairman Michael Saylor called for a “bill of digital rights” protecting the ability to create, issue, custody, transfer and use digital assets. At the Freedom Tech DC summit, he argued that AI-driven productivity requires more accessible capital markets and set a goal of enabling 10 million new companies to raise funding through faster, less costly digital-token issuance. He urged regulators to clarify digital-asset rules and allow banks to custody Bitcoin and lend against it, warning that restrictive approaches could limit economic opportunity. Saylor said these protections could expand financial access for individuals, businesses and emerging AI systems.
Key Points
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Saylor said that with suitable regulations, 10 million U.S. businesses could raise money in four days for $40, arguing that current issuance rules are too costly and complex for many entrepreneurs.
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Saylor criticized the failed CLARITY Act as “mostly a bill of restrictions, not a bill of rights,” and urged regulators to define digital tokens, currencies, commodities and securities clearly.
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He estimated that banks could create $100 billion in Bitcoin-backed credit within a year if regulatory rules were clear.
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Saylor argued that banks, fintech firms and technology platforms should be able to compete to offer dollar-backed digital products, including competing on the yield they pay customers.
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