Strategy's Michael Saylor proposes bill of digital rights for future economy

Michael Saylor thinks the future of American capitalism fits on a single page. At the Bitcoin Policy Institute's Freedom Tech DC summit, Strategy's executive chairman laid out a framework he's calling a "bill of digital rights," built around five core principles: the rights to create, issue, custody, transfer, and use digital assets.

His stated ambition is to "enable 10 million new companies to raise capital" through digital tokens, a goal that sounds audacious until you consider the math he's working from.

Out of roughly 40 million businesses in the United States, only about 400 can effectively access public capital markets. That's a hit rate of 0.001%.

Saylor's argument is that digital tokens could serve as the on-ramp traditional IPOs never provided. Instead of navigating the expensive, attorney-heavy process of going public, smaller companies could issue tokens to raise capital directly from investors.

Saylor drew a pointed comparison between his streamlined framework and the CLARITY bill currently making its way through regulatory discussions. The CLARITY legislation runs approximately 630 pages, and in Saylor's view, those pages are weighted heavily toward restrictions rather than empowerment.