Strategy Executive Chairman Michael Saylor has put forward a policy framework establishing rights for the creation, issuance, custody, transfer and use of digital assets. The proposal, detailed in an essay published on September 26, also calls for expanded banking services, insurance participation and digital-dollar products, while projecting that the sector could eventually reach a $100 trillion scale.

Saylor presented the ideas after appearing at the Freedom Tech DC summit in Washington on September 22 and 23. He described the framework as a response to the needs of an emerging era combining digital assets with artificial intelligence, arguing for enabling rules rather than additional constraints.

Five Rights and Capital Formation Goals

The core of the proposal centers on five rights available to individuals and companies under a common ownership model. Holders would retain the ability to choose self-custody or third-party custodians while maintaining control. Transfers between wallets and providers would become smoother, supported by transparency measures and anti-fraud protections.

On capital formation, Saylor set a target of enabling 10 million new companies to raise funds through digital assets. He pointed to current issuance costs ranging from $10 million to $100 million for public companies and suggested digital methods could reduce those figures to between $10,000 and $100,000. The framework builds on a memorandum he submitted to the Securities and Exchange Commission in February 2025 that sought clearer asset categories, standardized disclosures and faster issuance processes.

He connected the initiative to artificial intelligence, noting that AI could multiply the number of businesses and products requiring rapid, low-cost financing.

Bitcoin Custody, Lending and Capital Rules

A central element involves banks. Saylor called for institutions to offer custody of Bitcoin for customers and to extend credit against it under commercially workable rules. Insurance companies would also gain pathways to hold digital assets on their balance sheets and incorporate them into financial products.

He specifically addressed capital requirements under the Basel Framework. Certain Group 2b cryptoasset exposures currently carry a 1,250 percent risk weight, which effectively requires banks to hold capital equal to the full exposure amount. Saylor argued that regulators should apply distinct treatment to three separate activities: customer custody, loans secured by digital-asset collateral, and proprietary bank holdings, rather than a single standard for all.

In his view, greater bank competition for Bitcoin holders would draw additional capital into an asset with limited supply. Owners could obtain loans without selling their holdings. Banks, fintech firms and technology platforms would also be permitted to offer digital-dollar products, competing on yield provided they disclose associated risks.

Tokenization, Digital Dollars and Regulatory Path

The framework further supports tokenized securities that allow direct ownership and transfers across providers. This mobility would let investors access custody, credit and other services without remaining tied to a single intermediary. Additional elements include higher thresholds for routine transactions, tax relief for smaller digital-asset payments, and the reuse of identity verification to reduce duplicated compliance burdens across institutions.

Saylor placed the proposal in the context of recent legislative developments. The Senate voted 49-50 against advancing the CLARITY Act on September 15. He characterized that measure as leaning too heavily toward restrictions and indicated that the more productive route over the next two years runs through the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Treasury Department and the White House.

Treasury and banking regulators, under the plan, would establish workable paths for Bitcoin custody and credit. Saylor tied the broader $100 trillion ambition to the rise of AI agents that research, negotiate and transact on behalf of owners. Such systems, he said, require money that moves at software speed around the clock, a capability digital assets are positioned to provide. He offered no specific timeline for reaching the projected industry size.