Michael Saylor meets lawmakers and promotes crypto leadership

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Michael Saylor met with US lawmakers to promote a structured digital asset framework with the aim of positioning the US as a global crypto leader.

Michael Saylor promotes crypto leadership in Congress speech

Michael Saylor, co-founder and executive chairman of software intelligence firm MicroStrategy (NASDAQ: MSTR), met with the U.S. House Financial Services Committee on Tuesday to discuss the country’s potential to lead digital assets and the global crypto industry.

During the meeting, including Rep. French Hill, who chairs the committee, Saylor unveiled a digital asset framework aimed at establishing a strong regulatory foundation for Bitcoin and other cryptocurrencies. Saylor said on social media platform X on February 27th:

By building a digital economy into an economically viable, technologically robust, and ethically sound framework, 400 million businesses can provide access to capital markets and strengthen 8 billion people economically.

The engagement with the House Financial Services Committee followed a recent meeting with the Securities and Exchange Commission (SEC) Cryptographic Task Force, which presented the same framework and discussed the clarity of the regulation of digital assets.

Rep. Dan Maeser also shared with X that he met with Saylor to discuss “the value of Bitcoin in our economy and the need for a digital asset market structure.” He emphasized:

Digital assets can unlock future locks of frictionless payments and allow new sources of access to capital.

Meuser expressed his hopes for the Financial Services Commission’s efforts in creating comprehensive legislation, referring to former President Donald Trump’s commitment to positioning the United States as a leader in cryptocurrency innovation. “We look forward to the work the Financial Services Commission does in creating a common-sense legislative framework to provide clear rules for roads.

These arguments are as micro-tactics continue to expand Bitcoin holdings and continue to expand brands of recent companies alongside their “strategy.” As of February 23, the company had purchased 499,096 BTC at HODLS, with an average price of $66,357 per Bitcoin for around $33.1 billion. Meanwhile, the US regulatory environment has become more favorable to cryptocurrencies, with an increase in bipartisan support for policies that balance investor protection and economic innovation.