Michael Saylor met with the SEC Crypto Task Force to discuss digital asset regulation, including token classification, compliance frameworks, and the future of Bitcoin.

Strategy's Michael Saylor had dropped his proposal to the SEC's crypto task force for a digital assets framework that he believes will drive growth and foster innovation in the U.S.

Microstrategy founder and chairman Michael Saylor sat down with the SEC’s brand-new Crypto Task Force in Washington on Friday, February 21, and had a meeting focused entirely on figuring out exactly how digital assets like Bitcoin,

At a meeting with regulators, Saylor proposed ways to reduce costs and time constraints on crypto firms, among other regulatory reforms.

The US Securities and Exchange Commission reported additional meetings suggesting it would explore changing its approach to regulating cryptocurrencies.

Michael Saylor, executive chairman of Strategy (NASDAQ:MSTR), presented his “Digital Assets Framework, Principles, and Opportunity for the United States” document to the SEC Crypto Task Force on Friday,