Michael Saylor Proposes Crypto Policy Guidance for Trump

Michael Saylor, co-founder and executive Chairman of MicroStrategy Inc., has expressed his readiness to offer guidance to Trump on cryptocurrency policy once the crypto advisory council is established.

In the December 18 episode of Bloomberg Television’s Open Interest show, Saylor shared his openness to advise President-elect Donald Trump on digital asset policy, whether in a public forum or privately, should he be invited to do so.

Prior to expressing his willingness to guide Trump on crypto policy, Saylor acknowledged having met with “many individuals” in the incoming administration but refrained from disclosing any names or confirming whether he has met Trump himself.

Is Saylor Qualified for a Position?

Throughout the 2020s, Michael Saylor has emerged as a prominent advocate and investor in Bitcoin. Saylor is known for his substantial investments, having personally spent around one billion dollars on BTC. In 2020, he publicly declared his ownership of 17,732 bitcoins on X (formerly Twitter), acquired prior to MicroStrategy’s (MSTR) major bitcoin purchases. According to YahooFinance!, MicroStrategy currently holds approximately 440,000 BTC, which represents nearly 2% of the total bitcoin supply. The organization gained notable attention when it joined the Nasdaq 100 index just before the latest peak in BTC prices.

Saylor has described Bitcoin as a paramount asset for humanity and demonstrates a relentless pursuit for bitcoins. He compares Bitcoin to historical territories like Manhattan or Alaska, emphasizing that Bitcoin represents a new form of cyberspace. This perspective drives MicroStrategy’s strategy to acquire bitcoins in large quantities. Saylor believes that securing as much of this “space” as possible is crucial for the United States. This aligns with Trump’s declaration on the Truth Social platform: “We want all the remaining Bitcoin to be MADE IN THE USA!” as the post states.

Saylor has identified Trump as the most crypto-friendly figure among Republican politicians, suggesting that he shares the President-elect’s positive view of Bitcoin. Although not a strict GOP supporter, in September, Saylor argued that Republicans appear more progressive regarding cryptocurrency regulation. He highlights the reduction of regulatory pressures, the classification of crypto as a tool to enhance the U.S. economy, and the encouragement of individuals to achieve their financial goals through digital finance as progressive traits of the Republican stance on the crypto industry.

What Do We Know About the Crypto Advisory Council?

During a notable speech at the Nashville cryptocurrency conference in July 2024, Trump proposed establishing a crypto advisory council. As of December, limited details have emerged regarding the formation of this council.

The specific participants of the council are yet to be determined. However, it has been reported that companies such as Coinbase, Ripple Labs, Paradigm, and Andreessen Horowitz (a16z) are looking to connect with the new administration. It is believed that a representative from a16z provided counsel to Trump’s team during the presidential campaign. On December 6, Trump appointed entrepreneur and venture capitalist David O. Sacks as the “White House A.I. and Crypto Czar” via a post on Truth Social.

It should be noted that prior to 2024, Trump was not particularly enthusiastic about cryptocurrency. In the past, he had issued several negative comments, referring to Bitcoin as “not money” and asserting that the value of cryptocurrencies is based on mere speculation.

However, during the 2024 Presidential campaign, Trump’s attitude towards cryptocurrency shifted dramatically. He began accepting donations in digital currencies, attended a significant crypto conference in Nashville where he pledged to make America “a crypto capital of the world,” and proposed numerous important changes regarding cryptocurrency policy.

In addition to tax reductions for U.S. cryptocurrency firms, the removal of Gary Gensler from the SEC, and the establishment of a strategic Bitcoin reserve, Trump also announced the formation of an advisory body, allocating the top position to the world’s wealthiest individual and ardent supporter, Elon Musk. This unofficial entity has been dubbed The Department of Government Efficiency, or DOGE for short, in homage to a well-known memecoin linked to the Tesla CEO. What further developments await from Donald Trump in the crypto landscape remains to be seen.

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