Saylor Proposes 'Bill of Digital Rights' for Crypto Users
Michael Saylor has called for a 'bill of digital rights' that would protect individuals and companies using digital assets. He made this proposal at an event organized by the Bitcoin Policy Institute, where he outlined five key rights for digital asset users.
The five rights include the creation, issuance, custody, transfer, and use of digital assets. Saylor wants these rights to be available to both individuals and companies in a common ownership model. He believes that owners should have the option to choose between self-custody or third-party custodians without losing control over their assets.
The proposal also aims to simplify transfers between wallets and providers, increase transparency, and implement anti-fraud measures. Saylor's plan also includes tokenized securities, which would allow investors to directly own assets and transfer them between different providers.
In addition, he wants banks to hold Bitcoin as an asset and lend based on it under reasonable commercial terms. He believes that this would increase access to banking for Bitcoin owners, allowing them to secure loans without selling their coins.