Here’s what happened in crypto today

Today in crypto: Michael Saylor said that an age of digital assets and intelligence needs a “bill of digital rights” rather than restrictions, SEC Commissioner Hester Peirce said she will leave her post on Oct. 2 and Bitget raised the value of assets affected by Thursday’s security breach to $388 million.

Saylor outlines ‘bill of digital rights’ to help build prosperity in future economy

Michael Saylor, co-founder of Strategy, said that an age of digital assets and intelligence needs a “bill of digital rights,” rather than restrictions.

An age of AI can increase production, but it needs better money and capital markets to realize its potential, according to an essay that Saylor, executive chairman of world’s largest corporate Bitcoin holder, posted on X Saturday.

A useful framework for digital assets should establish five fundamental rights, or freedoms, Saylor wrote.

These rights include (1) the freedom to create new digital assets and (2) to issue them to the market to finance business and productivity. They also include (3) the right to hold them or choose a custodian, as well as (4) to transfer them, to move the assets among people, companies, wallets and service providers. Finally, (5) to use them, to spend, invest, earn income and borrow against digital assets.

SEC Commissioner Hester Peirce to leave post on Oct. 2

Peirce, also known as “Crypto Mom” amid her advocacy of clear, rules-based regulation of the crypto industry, posted a copy of her resignation letter on her X account Friday.

In the letter, she thanked the president for the “honor of her professional lifetime” serving as a commissioner and said she was leaving the SEC under the excellent leadership of Chairman Paul Atkins and Commissioner Mark Uyeda, the two remaining members, who are both Republicans.

Peirce served on the commission for about eight years. Since Feb. 4, 2025, she was also director of the agency’s Crypto Task Force. Her term at the SEC officially expired in June 2025, but commissioners “may continue to serve up to approximately 18 months after terms expire if they are not replaced before then,” according to the agency.

Bitget says $388 million affected in security breach

Crypto exchange Bitget said about $388 million in assets were transferred to attacker-controlled addresses in Thursday’s security breach, roughly $35 million more than initially reported.

The exchange revised its estimate from $352 million after identifying additional affected assets on the Zcash and TRON networks. Bitget said the higher figure reflects a more complete accounting of the original incident rather than additional unauthorized transfers.

The breach involved addresses across Ethereum Virtual Machine networks, the XRP Ledger, Zcash and TRON. Affected assets included XRP, Ether (ETH), Tether’s USDt (USDT), Zcash (ZEC), USDC, USDT0, XAUt, BNB, AVAX and TRX.

Bitget said withdrawals remain paused while it continues its investigation. The exchange has also launched a bounty program aimed at helping freeze or recover stolen assets.

The incident ranks among the crypto industry’s largest security breaches, though it remains well below the roughly $1.5 billion stolen from Bybit in February 2025.