Michael Saylor argued that 5 rights to digital assets must be guaranteed for individuals and companies.

According to blockchain media outlet Cryptopolitan on Sept. 26 (local time), Saylor said equal rights must be guaranteed to create digital assets, issue them to raise funds, custody them directly or through a chosen provider, transfer them freely, and use them for spending, investment, generating returns and borrowing.

At the core of his argument is the need to broaden capital-raising channels in an economy centred on artificial intelligence (AI). Saylor said AI and automation will eliminate jobs and make existing products outdated, and that prosperity depends on launching companies faster than legacy companies disappear. He added that the United States should enable 10,000,000 new companies to raise capital and argued that early initial coin offering markets showed that possibility.

Saylor pointed out that among 40,000,000 companies in the United States, only about 400 well-known companies can easily raise money in public markets. Citing BSTR and Twenty One, he said Twenty One listed about 18 months ago through a special purpose acquisition company merger but still finds it difficult to raise additional funds despite having billions of dollars in capital and legal manpower.

He also raised issues with bank regulation. From his position leading a company with large bitcoin holdings, Saylor argued that banks should be able to custody bitcoin under reasonable rules and lend against it as collateral. He said insurers also need a realistic route to incorporate digital capital into their balance sheets.

He took a critical stance on the Basel framework in particular. Saylor said the current framework, which requires capital reserves equal to 1,250 percent of asset value for certain cryptocurrency holdings, treats digital assets as extremely high-risk assets. He argued that regulation should distinguish between different activities because custodying customers' cryptocurrency, lending money against cryptocurrency collateral and betting on cryptocurrency using a bank's own capital are different activities.

Banks' participation in the market was presented as a key variable for future growth in cryptocurrency. Saylor said about 1.6 trillion dollars worth of bitcoin exists but most of it is not connected to the banking system. He argued that if banks participate in earnest, it will be the biggest driver of market expansion.

He also outlined a policy direction for stablecoins. Saylor said the United States should allow banks, fintech companies and technology platforms to freely compete by each issuing stablecoins and paying interest. He said such competition could help expand dollar usage to billions of people worldwide who already use smartphones.

He also argued that standards for transaction reporting obligations should be reset. Saylor said rules that automatically report even legal transactions under $10,000 to the government must have a clear purpose and be proportional to actual risk. As a result, his proposal is leading to a challenge that digital assets should not be viewed only as an object of regulation but redesigned as foundational infrastructure for fundraising, payments and competition in financial services.

Prosperity begins with freedom. Individuals and companies must be free to create, issue, custody, transfer, and use digital assets. Protect privacy. Encourage competition. Let people build wealth.