US Government Framework for Integrating Digital Assets into Financial System Released
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Michael Saylor Publishes Bitcoin and Crypto Framework for the US Government
MicroStrategy founder Michael Saylor has unveiled a comprehensive framework aimed at integrating digital assets into the US financial system. The framework emphasizes transparency, decentralization, and financial innovation as key principles to encourage institutional investment and broader adoption of crypto assets.
Saylor stressed the significance of the document, stating that a strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy.
The framework proposes several ambitious goals. It suggests growing digital currency markets from $25 billion to $10 trillion, driving significant demand for US Treasuries. Additionally, it outlines plans to expand global digital capital markets from $2 trillion to $280 trillion, ensuring that US investors capture the majority of this wealth.
Furthermore, the document advocates for digital asset markets beyond Bitcoin to reach $590 trillion, solidifying the United States’ leadership in the sector. Saylor also proposes a strategic Bitcoin reserve with the potential to generate $16-81 trillion in wealth, offering a pathway to offset the national debt and strengthen the US Treasury.
This development comes amidst market volatility, as Bitcoin plummeted from $108,000 to $92,000 following Federal Reserve Chair Jerome Powell’s hawkish remarks before recovering to $97,000. Interestingly, since November 11, MicroStrategy has been buying Bitcoin on a weekly basis, marking its sixth consecutive week of Bitcoin purchases.
Source: cryptobriefing.com
