Saylor Floats Framework for Crypto Industry Regulation and Growth

MicroStrategy founder Michael Saylor recently published a proposal for crypto regulation and growth. His ‘Digital Assets Framework’ consists of five major points detailing the steps needed to foster crypto growth and adoption in the United States. As the first step, Saylor argues that a clear, universally understood taxonomy for digital assets is necessary for innovation and policy creation. He defines a digital commodity as an asset without an issuer backed by digital power, such as Bitcoin, and a digital security as an asset backed by a security, such as equity or debt. A digital currency is an asset backed by fiat, while digital tokens are fungible assets with issuers offering digital utility. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io