#What was the recent meeting about digital assets?
Michael Saylor recently visited Washington to meet with Senator Jim Justice, where they discussed various aspects of digital assets. Saylor, who serves as the Executive Chairman of a major strategy firm, highlighted the significance of a United States Strategic Bitcoin Reserve, which he believes could serve as a stable and valuable asset for national treasury purposes.
In a show of support for the digital asset sector, Saylor shared a pertinent image on social media that showcased their meeting. The photo included Saylor, Strategy CEO Phong Le, and Senator Justice, notably featuring Justice’s well-known bulldog, Babydog. Saylor used this opportunity to commend the senator for his commitment to market neutrality and support for digital assets during recent discussions involving MSCI.
#Why is Senator Justice an important figure for Bitcoin supporters?
Senator Jim Justice has emerged as a prominent advocate for Bitcoin. He co-sponsored the BITCOIN Act, which was introduced by Senator Cynthia Lummis. This legislation aims to establish a Strategic Bitcoin Reserve, promoting regulatory clarity to protect consumers while encouraging innovation without imposing excessive federal restrictions. Justice’s involvement is critical in advancing the cause of Bitcoin supporters who believe in a balanced approach to regulation.
#What is the latest update from MSCI regarding digital assets?
Recently, MSCI announced that it will maintain the inclusion of digital asset treasury companies, including Saylor’s firm, in its Global Standard Indexes, at least for the time being. This decision arises amid mixed feedback from institutional investors about digital assets. MSCI indicated that further research and consultation would be conducted before any adjustments are made, particularly with regard to share count increases or migrations for the affected companies. This temporary freeze on index adjustments reflects MSCI’s consideration of the complex and evolving landscape surrounding digital assets.