TechFlow news — On December 21, MicroStrategy CEO Michael Saylor released a proposal titled "U.S. Digital Asset Framework, Principles, and Opportunities." The framework is structured around five core components, aiming to strengthen the U.S. dollar, neutralize national debt, and establish American global leadership in the 21st-century digital economy.
The framework first introduces a classification system for digital assets, dividing them into six categories: computational-power-backed, issuer-less digital commodities (such as Bitcoin), issuer-backed digital securities, digital currencies, digital utility tokens, digital NFTs, and digital asset-backed tokens (such as tokens backed by gold or oil).
On the practical side, Saylor recommends limiting compliance costs for asset issuance to no more than 1% of managed asset value, with annual maintenance costs under 0.1%. He also proposes reducing issuance costs from tens of millions of dollars to the level of hundreds of thousands, thereby expanding capital market access from the current ~4,000 public companies to potentially 40 million enterprises.
Regarding future prospects, Saylor forecasts the digital currency market could grow from $25 billion to $10 trillion, the global digital capital markets from $2 trillion to $280 trillion, and the digital asset market (excluding Bitcoin) from $1 trillion to $590 trillion. He specifically recommends establishing a Bitcoin reserve, which could generate $16–81 trillion in wealth for the U.S. Treasury, offering a new pathway to offset national debt.
