A Very Important First Happened: Big Bitcoin Bull Michael Saylor Sat Down with SEC Officials for Cryptocurrencies!

Bitcoin advocate and MicroStrategy Chairman of the Board Michael Saylor met with U.S. Securities and Exchange Commission (SEC) officials as the regulatory environment for cryptocurrency continues to develop under the Trump administration.

The meeting with the SEC's Crypto Task Force focused on creating a structured approach to digital asset regulation and positioning the United States as a leader in the emerging digital economy.

According to an internal memorandum, the debate revolved around the basic principles for regulating cryptocurrencies. Saylor outlined a comprehensive framework titled Digital Assets Framework, Principles, and Opportunities for the United States, drawing a vision for taxonomy, legitimacy, compliance, and innovation in the digital asset markets.

One of the key proposals under discussion was the clear categorization of digital assets into six categories:

• Digital Commodities - Assets supported by digital power without an issuer (e.g. Bitcoin).
• Digital Securities - Assets with issuers backed by traditional financial instruments.
• Digital Currencies - Assets backed by fiat currency.
• Digital Tokens - Interchangeable assets with digital utility.
• Digital NFTs - Immutable assets with digital utility.
• Digital ABTs - assets backed by physical commodities such as gold or oil.

Saylor noted that the innovation of net classification is necessary to promote innovation and provide regulatory clarity to businesses and investors.

At the meeting, ways to establish rights and responsibilities for issuers, exchanges, and asset owners were also explored. Saylor's framework advocates the following:

• Issuers have the right to create and issue digital assets while ensuring fair disclosure.
• Exchange for custody, trading, and compliance management while maintaining transparency.
• Asset owners have the right to self-custody, subject to local regulations.
• One of the fundamental principles of the framework is to ensure market integrity by preventing fraudulent activities such as false statements, market manipulation, or illegal financial practices.

Saylor's plan emphasizes the need for a practical regulatory framework that prioritizes innovation over excessive bureaucracy. The key suggestions include:

• Standardized information for every digital asset class.
• Self-regulated exchanges and industry-leading compliance with asset data publication.
• Cost-effective regulation with the limitation of (AUM) %1 of assets under management and annual maintenance fees capped at 10 basis points for export compliance costs.
• To eliminate unnecessary regulatory bottlenecks and accelerate asset tokenization.

Saylor's vision suggests that the United States should embrace digital assets to support economic growth and financial inclusion. Saylor outlined the main objectives as follows:

• Reduce export costs from millions of dollars to thousands of dollars.
• Expanding public market access from 4,000 listed companies on the stock exchange to 40 million businesses.
• To enable small businesses, artists, and startups to raise capital through tokenization.
• Tokenized commodities, real estate, intellectual property, and increasing investment opportunities in financial instruments.

Saylor positioned the digital asset revolution as an opportunity for the US to strengthen the dollar and support economic growth. In his report, he suggested that strategic Bitcoin reserves and leadership in tokenized assets could do the following:

• Increasing digital capital markets from 2 trillion dollars to 280 trillion dollars.
• To increase the digital currency markets from 25 billion dollars to 10 trillion dollars.
• Positioning the United States as the dominant force in the projected 590 trillion dollar digital asset economy.
• A Bitcoin reserve strategy with the capacity to produce up to 81 trillion dollars in national reserves can be created.