MicroStrategy 執行長 Michael Saylor 提出一項幫助美國主導數位資產市場的提案

儘管這種主要加密貨幣失去了在 10 萬美元區域的立足點，但 Michael Saylor 幫助建立的公司其 BTC 投資組合仍然上漲了 58%。

MicroStrategy stock (NASDAQ:MSTR) is up 58% year-to-date thanks to the prime cryptocurrency. As of last weekend, the company had gained unrealized gains of $4.2 billion on its BTC portfolio.

由於主要的加密貨幣，MicroStrategy 股票（NASDAQ：MSTR）今年迄今已上漲 58%。截至上週末，該公司的 BTC 投資組合已獲得 42 億美元的未實現收益。

Now, with all eyes on MicroStrategy and Saylor, the executive chairman has capitalized on the opportunity to promote the digital asset powering his business. On Saturday (at UTC standard), Saylor unveiled a proposal titled “Digital Assets Framework, Principles, and Opportunity for the United States.”

現在，當所有人的目光都集中在 MicroStrategy 和 Saylor 身上時，執行主席利用這個機會來推廣為他的業務提供動力的數位資產。週六（按照 UTC 標準），塞勒公佈了一項題為「美國的數位資產框架、原則和機會」的提案。

As the title implies, the paper outlines how the US could continue to position itself as a global economic powerhouse amid the rapid transition of the world of finance toward digital assets. It keeps policymakers up to date with the relevant topics in the industry, such as the different classes of these assets, the rights and roles of the stakeholders in the sector, and more.

正如標題所暗示的那樣，本文概述了在金融界向數位資產快速轉型的過程中，美國如何繼續將自己定位為全球經濟強國。它讓政策制定者了解產業中的相關主題，例如這些資產的不同類別、產業中利害關係人的權利和角色等等。

Broadly, Saylor’s proposal covers four main areas of focus. These include defining digital asset classes, presenting a rights-based model for the digital asset economy, highlighting the importance of focusing on innovation, and discussing the role of digital assets in strengthening the US’ position globally.

總的來說，塞勒的提議涵蓋四個主要關注領域。其中包括定義數位資產類別，提出基於權利的數位資產經濟模型，強調關注創新的重要性，以及討論數位資產在加強美國全球地位方面的作用。

Defining Digital Asset Classes

定義數位資產類別

To begin with, Saylor argues that understanding the taxonomy of digital assets is an essential step in advancing policy and promoting innovation. He briefly tackles the differences of digital commodities like Bitcoin, digital securities such as tokenized equity or debt, digital currency based on fiat, digital token offering utility, digital non-fungible tokens (NFTs), and digital asset-backed tokens (ABTs) backed by digital assets like gold and oil.

首先，塞勒認為，了解數位資產的分類是推動政策和促進創新的重要一步。他簡要討論了比特幣等數位商品、代幣化股票或債務等數位證券、基於法定貨幣的數位貨幣、數位代幣發行實用程式、數位不可替代代幣（NFT）和數位資產支援代幣（ABT ）的差異。

Rights-Based Model

基於權利的模式

Next, the MicroStrategy executive chair emphasizes the necessity of creating a robust framework that establishes the rights and responsibilities of issuers, exchanges, and owners in the space. He believes it is key to allowing these players to confidently engage the market.

接下來，MicroStrategy 執行主席強調了創建一個強大框架的必要性，該框架確立了該領域發行人、交易所和所有者的權利和責任。他認為，讓這些參與者自信地參與市場是關鍵。

However, Saylor reminds that the blueprint should be reinforced with the foundational principles of transparency, accountability, and compliance.

然而，塞勒提醒說，應該透過透明度、問責制和合規性等基本原則來加強該藍圖。

Focus on Innovation

專注創新

Moreover, Saylor urges the US government to mitigate friction and bureaucracy. Instead, it should prioritize efficiency and innovation within a free-market setting. With that, token issuances should be streamlined, and costs should be limited to no more than 1% of assets under management (AUM) to issue an asset.

此外，塞勒敦促美國政府減少摩擦和官僚主義。相反，它應該在自由市場環境中優先考慮效率和創新。因此，應該簡化代幣發行，並且發行資產的成本應限制在不超過管理資產（AUM）的 1%。

Along the way, the Bitcoin advocate suggests fair public disclosures for exchanges to provide the industry and investors transparency, which could aid them in making more informed decisions. Nonetheless, he says anyone caught lying, cheating, and stealing should be punished accordingly with applicable civil or criminal laws.

在此過程中，比特幣倡導者建議交易所公平公開披露，為行業和投資者提供透明度，這可以幫助他們做出更明智的決策。儘管如此，他表示，任何被發現說謊、欺騙和盜竊的人都應該受到適用的民事或刑事法律的相應懲罰。

Catalyst in 21st-Century Market Renaissance

21 世紀市場復興的催化劑

Finally, the MicroStrategy official highlights that the US is in the best position to trigger a “21st-century capital market renaissance.” It could reward the nation with trillions of dollars in value creation.

最後，MicroStrategy 官員強調，美國最有能力引發「21 世紀資本市場復興」。它可以為國家創造數萬億美元的價值。

To achieve such a feat, Saylor proposes lowering token issuance costs from $10–$100 million to $10–$100 thousand and reducing the creation and issuance of digital assets into hours or days instead of the usual months and years of processing time.

為了實現這一壯舉，Saylor 建議將代幣發行成本從10-1 億美元降低到100-10 萬美元，並將數位資產的創建和發行減少到幾小時或幾天，而不是通常的幾個月和數年的處理時間。

Similarly, he advises expanding access for open capital markets from the current 4,000 public companies to 40 million businesses.

同樣，他建議將開放資本市場的准入範圍從目前的 4,000 家上市公司擴大到 4,000 萬家企業。