Crypto Daily: Saylor's Digital Rights Plan, Peirce Resigns, Bitget Breach Hits $388M

Three developments shaped the crypto landscape today. Strategy co-founder Michael Saylor called for five core digital rights to govern the emerging asset economy, SEC Commissioner Hester Peirce announced her Oct. 2 departure, and exchange Bitget raised the damage estimate from Thursday's security breach to $388 million.

Michael Sayout outlined a "bill of digital rights" in an essay posted to X, arguing that an era of digital assets and artificial intelligence demands clearer property protections rather than restrictions. The framework rests on five freedoms: the ability to create digital assets, issue them to markets, hold them or select a custodian, transfer them across wallets and service providers, and use them for spending, investing, earning income, or borrowing. Saylor, executive chairman of Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder, wrote that AI can expand production but requires stronger money and capital infrastructure to realize that potential.

SEC Commissioner Hester Peirce, widely known as "Crypto Mom" for her consistent advocacy of clear, rules-based crypto regulation, shared her resignation letter on X. She thanked the president for "the honor of her professional lifetime" and credited Chairman Paul Atkins and Commissioner Mark Uyeda for their leadership during her final months. Peirce served roughly eight years on the commission and led the agency's Crypto Task Force since February 2025, continuing past her June 2025 term expiration under the SEC's rule allowing up to 18 months of post-term service. Her exit leaves the SEC without one of its most prominent pro-crypto voices.

Crypto exchange Bitget revised its estimate of Thursday's security breach upward to $388 million, roughly $35 million more than initially reported. The additional funds were identified during ongoing forensic review of attacker-controlled addresses. The incident ranks among the larger crypto exchange compromises of recent quarters and underscores persistent security challenges facing centralized trading platforms.