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Strategy co-founder Michael Saylor shared a comprehensive cryptocurrency strategy at the White House Digital Assets Summit, arguing that the U.S. can unlock up to $100 trillion in economic value over the next decade by establishing a clear regulatory framework, removing barriers to innovation, and strategically acquiring bitcoin.
Saylor outlined a structured approach to these assets, categorizing them into four distinct classes: digital tokens for capital creation and innovation, digital securities for market efficiency, digital currencies for commercial and to strengthen the dollarβs global position and digital commodities like bitcoin for wealth preservation.
In his proposal, Saylor argued that this taxonomy would reduce regulatory uncertainty and integrate digital assets seamlessly into the traditional financial system. His proposal calls for the removal of restrictions on cryptocurrencies, which would allow entities in the U.S. quick access to capital markets while ensuring the U.S. dollar would remain integral to global commerce.
The first-ever White House Crypto Summit, held on Friday, was largely meant to set a tone for the Trump administration's friendlier stance on the industry compared to the former administration of President Joe Biden. The summit included a wide range of industry giants, including top executives of Coinbase, Ripple, Strategy, Kraken, Gemini, Chainlink, Robinhood and many others.