Michael Saylor has proposed a digital rights framework that would define how individuals and companies interact with digital assets.
The MicroStrategy executive said clearer rules could expand access to capital and support new business creation.
His proposal focuses on ownership rights, financial access, and broader participation in digital markets. Saylor also called for updated banking rules that allow institutions to use Bitcoin within regulated financial systems.
Saylor proposes five digital asset rights for individuals and companies
In an essay shared on X following his appearance at the Bitcoin Policy Institute’s Freedom Tech DC summit, Michael Saylor outlined five rights he believes should apply to digital assets.
The proposed rights include the ability to create digital assets, issue them to raise capital, custody assets directly or through selected providers, transfer them freely, and use them for spending, investing, earning, and borrowing.
Saylor said these rights should apply equally to individuals and corporations while maintaining financial privacy and access to markets. He argued that ownership becomes limited when restrictions prevent owners from using their assets as intended.
The Bitcoin advocate also criticized the complexity of recent crypto legislation. He pointed to the CLARITY bill, which spans around 630 pages, and estimated that most of the document focuses on restrictions rather than expanding access.
Saylor has spent the year developing a framework that separates digital assets into four categories: digital capital, digital credit, digital money, and digital currency.
According to Saylor, the growth of artificial intelligence and automation will transform existing industries and reduce demand for some traditional jobs. He argued that economic expansion will require creating new companies faster than older businesses decline.
He said the United States should create conditions that allow 10 million new companies to raise capital. Saylor referenced the initial coin offering era as an example of how digital assets could provide alternative fundraising opportunities.
He noted that only around 400 recognized companies among the country’s estimated 40 million businesses can easily access public market funding. He also highlighted challenges faced by companies such as BSTR and Twenty One despite having significant resources.
Twenty One entered public markets through a special-purpose acquisition company about 18 months ago. Saylor said the company still faces difficulties accessing additional capital despite billions of dollars in funding and extensive legal support.
Saylor pushes for Bitcoin banking access and stablecoin competition
Saylor also called for regulatory changes that would allow banks and insurers to participate more actively in digital assets. He said financial institutions should have clear rules for Bitcoin custody and lending against Bitcoin collateral.
He criticized the Basel framework, which requires banks to hold capital equal to 1,250% of certain crypto exposures. Saylor argued that the rules treat digital assets as extremely high-risk without separating custody services, customer-backed lending, and proprietary trading activities.
According to Saylor, banks holding Bitcoin on behalf of customers should face different requirements from institutions using their own capital for crypto investments.
He said greater involvement from banks could become a major driver of cryptocurrency adoption. Saylor noted that approximately $1.6 trillion worth of Bitcoin exists globally, with much of it outside traditional banking systems.
Saylor also proposed allowing banks, fintech companies, and technology platforms to compete in issuing stablecoins. He said institutions should be able to offer interest-bearing stablecoins under clear regulations.
He argued that competition among digital dollar providers could expand access to U.S. dollar-based financial services for billions of smartphone users worldwide.
Saylor further called for more proportional reporting requirements for digital asset transactions. He questioned rules that automatically report legal transactions under $10,000 and said compliance measures should match actual risks.
