Michael Saylor Presents Strategic Bitcoin Reserve Plan to the SEC's Crypto Task Force

Today, it was released that this past Friday, Michael Saylor presented his proposal to the SEC's Crypto Task Force, outlining a strategic Bitcoin

Bitcoin integration into the US Treasury’s strategic reserve is being proposed by Michael Saylor, the former CEO of MicroStrategy. The proposal was reportedly presented to the Securities and Exchange Commission’s (SEC) Crypto Task Force on Friday.

According to the report, Saylor's proposal could generate between $16 trillion to $81 trillion in wealth for the US Treasury if Bitcoin is included in its strategic reserve plan. This plan is said to be a part of Saylor's “Digital Assets Framework,” which was introduced on December 20, 2024.

The Framework aims to provide regulatory clarity by categorizing digital assets into six classes: Digital Commodities, Digital Securities, Digital Currencies, Digital Tokens, Digital NFTs, and Digital ABTs.

Under the framework, Bitcoin is classified as a Digital Commodity, representing decentralized assets not tied to an issuer. Other categories include tokenized equity or debt (Digital Securities), stablecoins pegged to fiat (Digital Currencies), fungible utility tokens (Digital Tokens), unique digital art or intellectual property representations (Digital NFTs), and tokens tied to physical commodities (Digital ABTs).

The proposal comes as the US national debt reached $36.2 trillion, with $28.9 trillion in public debt and $7.3 trillion in intergovernmental debt as of February 5, 2025.