Strategy Executive Chairman Michael Saylor has proposed a “bill of digital rights” for individuals and companies using digital assets, outlining protections for creation, issuance, custody, transfer, and everyday use. Speaking at the Bitcoin Policy Institute’s Freedom Tech DC summit, he called for a framework that lets users create products, issue tokens to raise capital, hold assets directly, move them between providers, and use them for spending, investing, income, or borrowing. He also urged banks to offer Bitcoin custody and lending under workable guidelines, and argued that regulators should reexamine the 1,250% risk weight applied under Basel rules. Saylor supports self-custody and third-party custody, enhanced disclosure, and tax exemptions for small transactions.
Michael Saylor has proposed a “bill of digital rights” for digital asset users. He outlined the rights at the Bitcoin Policy Institute’s Freedom Tech DC summit.
Saylor stated that individuals and companies should be able to create products, issue them to raise capital, hold them directly, and move them between providers. They must also be able to use digital assets for spending, investing, income, or borrowing.
He supported both self-custody and third-party custody. Owners should have the freedom to choose a custodian while retaining control over their asset’s movement.
Ownership rights are linked to enhanced disclosure and anti-fraud requirements. Regulatory approaches must reflect differences in the economic utility of digital assets, including tokens, currencies, capital, and securities.
Saylor also called for banks to offer Bitcoin custody and loaning services under workable commercial guidelines. Regulations should distinguish between customer custody, collateral-backed lending, and direct balance sheet exposure.
He cited the Basel framework’s 1,250% risk weight for Group 2b crypto assets. He hopes policymakers will reexamine this classification based on activity and risk profile.
Strategy holds 846,000 BTC on its balance sheet, recorded after its most recent acquisition. The total acquisition cost is around $63.8 billion, with an average cost of $75,416 per BTC.
Saylor’s proposal also includes tokenized securities. He said investors need to be able to own tokenized assets directly and move them between providers for better custody, credit, or income.
On September 1, the Securities and Exchange Commission announced amendments to transfer-agent rules regarding electronic communication, recordkeeping, and blockchain.
Saylor welcomed competition in digital dollars, suggesting that banks, fintech companies, and technology platforms should be able to provide their own dollar-related products. He also proposed higher reporting thresholds, reusable identity verification, and a tax exemption for everyday digital currency transactions.
He expects AI agents to need digital asset wallets, programmable payments, transferable assets, and 24/7 financial services. Policy changes would involve the SEC, CFTC, Treasury, banking regulators, and the White House, with Congress acting where necessary.
Saylor’s aim is to increase digital asset issuance, financing, ownership, and transferability. He estimated the industry could one day be worth $100 trillion, though this is a personal estimate and not a market forecast.
