Saylor sets out digital asset rights plan with $100tn industry goal
Strategy's Michael Saylor has published an essay calling for five digital asset rights and a $100 trillion industry target, while criticising the CLARITY Act as too restrictive.
Key points
- Saylor published the essay on X on 26 September, titled Prescriptions for Prosperity in the Digital Economy.
- He lists five rights for people and companies: create, issue, custody, transfer and use digital assets.
- He sets a $100 trillion target for the digital asset industry and wants the SEC, CFTC, Treasury and the White House to remove barriers.
- Strategy held 846,000 BTC worth $71.62 billion at press time, with MSTR down 1.86% at $158.61.
- He proposes an inflation-adjusted de minimis tax exemption for ordinary digital asset payments.
Michael Saylor, executive chairman of Strategy, has called for a bill of digital rights covering how people and companies create, hold, move and use digital assets, according to Coinpulsehq's account of reporting by Ambcrypto. The essay, published on X on 26 September and titled Prescriptions for Prosperity in the Digital Economy, argues that artificial intelligence will lift economic productivity and that the financial system should evolve alongside it. Saylor set a $100 trillion target for the digital asset industry.
The essay proposes five rights for individuals and corporations: creating, issuing, custodying, transferring and using digital assets. Saylor frames the value of an asset as a function of what its owner is permitted to do with it, arguing that limits on usefulness also limit economic potential. Ambcrypto reported that he wants the SEC, CFTC, Treasury and the White House to clear unnecessary barriers for digital asset products.
On taxes, Saylor proposes a meaningful de minimis exemption for ordinary digital asset payments. His stated goal is an inflation-adjusted threshold that removes the need to compute capital gains or losses on every transaction. The essay also calls for banks to be able to custody Bitcoin and lend against it under workable rules, and for insurers to add digital assets to their balance sheets and products. He describes Bitcoin as digital capital.
Five rights proposed
Saylor criticised the CLARITY Act for leaning too far toward restrictions, according to Ambcrypto, and called for regulation that gives certainty without limiting innovation. Cointelegraph reported a further goal not in the Ambcrypto account: Saylor wrote that the ambition should be to enable 10 million new companies to raise capital. He reasoned that as digital intelligence automates jobs and makes products obsolete, prosperity will depend on creating new businesses faster.
Strategy's Bitcoin holdings stood at 846,000 BTC, worth $71.62 billion at press time, per Ambcrypto, with MSTR trading at $158.61 after a 1.86% decline in the prior session and Bitcoin near $84,640.20. Cointelegraph gave the same 846,000 BTC figure but added the cost basis of about $63.8 billion, an average of $75,416 per coin, and reported a resumption of buying after a two-week pause: 950 BTC for $75.7 million at an average of $79,670.
Saylor is the largest corporate Bitcoin holder in the market, so his policy wish list carries weight with the banks, insurers and asset managers he wants to bring into custody and lending. A de minimis carve-out for small payments would affect anyone spending digital assets day to day, since it would remove the record-keeping that currently follows each purchase.
Tax and banking asks
His pushback on the CLARITY Act sets up a debate about whether the legislation should be judged by the barriers it removes rather than the restrictions it imposes, as U.S. agencies weigh how much room digital asset products get. The next signals are whether the SEC, CFTC or Treasury respond to the essay's requests, whether lawmakers revisit the CLARITY Act, and whether Strategy's accumulation pace continues after the pause.