Michael Saylor Calls for Bill of Digital Rights as Strategy Stock Slips and Bitcoin Nears $85K

TLDR

• Michael Saylor posted an essay on X on September 26 calling for a “bill of digital rights” for digital assets.
• He listed five rights for individuals and companies: to create, issue, custody, transfer, and use digital assets.
• Saylor proposed a “de minimis” tax exemption for everyday crypto payments and criticized the CLARITY Act.
• He said digital assets could grow into a $100 trillion industry.
• Strategy holds 846,000 BTC worth $71.62 billion, while its stock fell 1.86% to $158.61.

Michael Saylor, executive chairman of Strategy, has called for a “bill of digital rights” to guide how the United States handles digital assets. He shared his ideas in an essay posted on X on September 26.

The essay is titled “Prescriptions for Prosperity in the Digital Economy.” It focuses on the legal freedoms that people and companies should have when using digital assets.

Saylor said he believes digital assets can grow into a $100 trillion industry.

Saylor Lays Out Five Digital Rights

Saylor’s main argument is that artificial intelligence will greatly increase economic productivity. He says the financial system needs to change alongside it.

Because of this, he wants rules that protect freedoms rather than rules that focus on limits. “The age of Digital Assets and Digital Intelligence needs a bill of digital rights, not a bill of restrictions,” he wrote.

The essay lists five rights that Saylor says should apply to both individuals and corporations. These are the rights to create, issue, custody, transfer, and use digital assets.

Saylor argues that an asset’s economic value depends on what its owner is allowed to do with it. He says limits on how an asset can be used can also limit its economic potential.

He describes Bitcoin as “digital capital.” He wants banks to be able to hold Bitcoin for customers and offer loans backed by it under workable rules.

He also wants insurance companies to include digital assets on their balance sheets and in their products.

Tax Relief and Regulatory Changes

Saylor also addressed taxes on everyday crypto payments. He says buying ordinary items with digital assets can force users to track capital gains or losses on each purchase.

To fix this, he proposes a “de minimis” tax exemption for ordinary digital asset payments. He wants a larger threshold that adjusts for inflation and removes the need to calculate each transaction.

Saylor called on the SEC, the CFTC, the Treasury, and the White House to remove unnecessary barriers. He wants them to create clearer paths for digital asset products.

He also criticized the CLARITY Act. He said the bill places too much weight on restrictions and argued that regulation should provide certainty without limiting innovation.

“Reaching that potential will require millions of people and companies experimenting with better ways to create and organize capital,” Saylor wrote about his $100 trillion goal.

Saylor’s comments come as Strategy’s Bitcoin holdings have reached 846,000 BTC. Those holdings are worth about $71.62 billion.

Strategy stock was trading at $158.61 at press time. That was down 1.86% in the past trading session.

The company’s Stretch preferred stock was trading at $98.54, up 0.23% over the same period.

Bitcoin was trading near $84,640 at press time. The price has climbed from about $75,000 in recent weeks.

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