Bills: HB2315, SB2471, HB306, HB1692, HB1842, HB2171, HB2207, HB2343, HB2296, HB389, HB469, HB1510, HB1573, HB1705, HB1858, HB1875, HB1946, HB1961, HB1962, HB2001, HB2093, HB2096, HB2097, HCR200, HCR144, HCR33, HCR154, HCR165, HCR186, HCR206, HCR166, HCR31, HCR85, HCR103, HCR117, HCR180, HCR112, HCR18, HCR105, HCR173, HCR137, HCR179, HCR32

Keywords: vacation payout, down payment assistance, state employee benefits, housing crisis, homeownership, Department of Health, SB2471, Hawaii, corporate powers, artificial persons, business entities, election spending, political spending, campaign finance, ballot measure, ballot issue, electioneering, corporations, nonprofit corporations, LLC

Bills: HB2315, SB2471, HB306, HB1692, HB1842, HB2171, HB2207, HB2343, HB2296, HB389, HB469, HB1510, HB1573, HB1705, HB1858, HB1875, HB1946, HB1961, HB1962, HB2001, HB2093, HB2096, HB2097, HCR200, HCR144, HCR33, HCR154, HCR165, HCR186, HCR206, HCR166, HCR31, HCR85, HCR103, HCR117, HCR180, HCR112, HCR18, HCR105, HCR173, HCR137, HCR179, HCR32

Keywords: vacation payout, down payment assistance, state employee benefits, housing crisis, homeownership, Department of Health, SB2471, Hawaii, corporate powers, artificial persons, business entities, election spending, political spending, campaign finance, ballot measure, ballot issue, electioneering, corporations, nonprofit corporations, LLC

Bills: HB2315, SB2471, HB306, HB1692, HB1842, HB2171, HB2207, HB2343, HB2296, HB389, HB469, HB1510, HB1573, HB1705, HB1858, HB1875, HB1946, HB1961, HB1962, HB2001, HB2093, HB2096, HB2097, HCR200, HCR144, HCR33, HCR154, HCR165, HCR186, HCR206, HCR166, HCR31, HCR85, HCR103, HCR117, HCR180, HCR112, HCR18, HCR105, HCR173, HCR137, HCR179, HCR32

Keywords: vacation payout, down payment assistance, state employee benefits, housing crisis, homeownership, Department of Health, SB2471, Hawaii, corporate powers, artificial persons, business entities, election spending, political spending, campaign finance, ballot measure, ballot issue, electioneering, corporations, nonprofit corporations, LLC

Bills: HB2315, SB2471, HB306, HB1692, HB1842, HB2171, HB2207, HB2343, HB2296, HB389, HB469, HB1510, HB1573, HB1705, HB1858, HB1875, HB1946, HB1961, HB1962, HB2001, HB2093, HB2096, HB2097, HCR200, HCR144, HCR33, HCR154, HCR165, HCR186, HCR206, HCR166, HCR31, HCR85, HCR103, HCR117, HCR180, HCR112, HCR18, HCR105, HCR173, HCR137, HCR179, HCR32

Keywords: vacation payout, down payment assistance, state employee benefits, housing crisis, homeownership, Department of Health, SB2471, Hawaii, corporate powers, artificial persons, business entities, election spending, political spending, campaign finance, ballot measure, ballot issue, electioneering, corporations, nonprofit corporations, LLC

Transcript Highlights:

• This is House Bill 1752, House Draft 1, Senate Draft 1, relating to emergency medical services.
• This measure replaces the Adjutant General and the Hawaii Emergency Medical Services Advisory Committee

Bills: HB2315, SB2471, HB306, HB1692, HB1842, HB2171, HB2207, HB2343, HB2296, HB389, HB469, HB1510, HB1573, HB1705, HB1858, HB1875, HB1946, HB1961, HB1962, HB2001, HB2093, HB2096, HB2097, HCR200, HCR144, HCR33, HCR154, HCR165, HCR186, HCR206, HCR166, HCR31, HCR85, HCR103, HCR117, HCR180, HCR112, HCR18, HCR105, HCR173, HCR137, HCR179, HCR32

Keywords: vacation payout, down payment assistance, state employee benefits, housing crisis, homeownership, Department of Health, SB2471, Hawaii, corporate powers, artificial persons, business entities, election spending, political spending, campaign finance, ballot measure, ballot issue, electioneering, corporations, nonprofit corporations, LLC

Transcript Highlights:

• Department of Human Services, Nonnie Crab Parker and Meredith Nichols.
• Department of Human Services, Nonnie Crab Parker and Meredith Nichols.
• Department of Human Services, Nonnie Crab Parker and Meredith Nichols.
• Department of Human Services, Nonnie Crab Parker and Meredith Nichols.
• Thank you for your service and mahalo for being willing to do it. >> [applause] >> Do we have any other

Bills: HB2315, SB2471, HB306, HB1692, HB1842, HB2171, HB2207, HB2343, HB2296, HB389, HB469, HB1510, HB1573, HB1705, HB1858, HB1875, HB1946, HB1961, HB1962, HB2001, HB2093, HB2096, HB2097, HCR200, HCR144, HCR33, HCR154, HCR165, HCR186, HCR206, HCR166, HCR31, HCR85, HCR103, HCR117, HCR180, HCR112, HCR18, HCR105, HCR173, HCR137, HCR179, HCR32

Keywords: vacation payout, down payment assistance, state employee benefits, housing crisis, homeownership, Department of Health, SB2471, Hawaii, corporate powers, artificial persons, business entities, election spending, political spending, campaign finance, ballot measure, ballot issue, electioneering, corporations, nonprofit corporations, LLC

Transcript Highlights:

• So, while Colorado already taxes digital goods under already taxes digital goods under current law, this
• As a result, digital games, downloadable a result, digital games, downloadable content, and other electronically
• House Bill 1418 and digital commerce.
• A tax that singles out a narrow category of digital transactions while leaving functionally similar digital
• similar targeted taxes to other forms of digital commerce in the future.

Keywords: 981, all

Transcript Highlights:

• . services when they need it.
• services.
• all receive service.
• I'm Shaina England, Director of the Digital Equity Los Angeles Coalition, or DELA, and the Digital Equity
• With bond issuance comes debt service.

Keywords: 988, house, all

Transcript Highlights:

• safety deposit box for digital assets. safety deposit box for digital assets.
• And my a digital uh lockbox.
• the digital keys to be able to um keep the digital keys to be able to um keep those<00:17:27.839>
• When they transfer it into, we'll say, our credit union's digital safety deposit box, it is a digital
• member service and member participation. member service and member participation.

Keywords: 1183, house

Summary: The committee heard testimony on House File 3709, which would allow Minnesota banks and credit unions to offer custodial accounts for digital assets such as cryptocurrency. The bill authors said the measure is intended to let local financial institutions provide a regulated “digital safety deposit box” service, keeping innovation and consumer choice under Minnesota oversight rather than pushing customers to out-of-state or offshore providers. The Department of Commerce testified in support, saying it appreciates efforts to incorporate virtual currency into the regulatory framework and that the bill levels the playing field for trusted community institutions. Members and testifiers discussed whether the bill was really about consumer protection, institutional competitiveness, or both. Supporters from the Minnesota Credit Union Network and St. Cloud Financial Credit Union said the bill helps local institutions remain relevant as customers increasingly ask for crypto services, and one testifier said the credit union had seen significant liquidity leave local communities for exchanges. They also emphasized that the accounts are custodial, not exchange services, and are not NCUA-insured; one witness noted some institutions may obtain private insurance for risks like loss of keys or hacking. A Department of Commerce witness also said the agency is working on separate legislation to address unclaimed virtual currency property. Several members raised concerns about volatility, scams, and whether the bill simply helps banks stay relevant. In response, supporters argued that local institutions can provide a trusted point of contact and help customers avoid fraud, unlike stand-alone crypto exchanges or kiosks. The committee also discussed fees, with one witness saying the credit union’s expected charge would be percentage-based with a minimum of $5 and a maximum of $25. No vote or final action was taken in the portion provided.

Transcript Highlights:

• <00:20:38.159> money facilitating payments as digital money facilitating payments as digital
• licensed service providers or LSPs. licensed service providers or LSPs.
• <01:47:07.440> One their services. Um and then utility. One their services.
• DTbased digital bonds. Um and this DTbased digital bonds.
• <02:04:30.560> uh<02:04:30.719> digital Plume is working on a digital uh digital Plume

Keywords: 1189, house, all

Summary: The Stable Token Study Commission held its first regular meeting, welcomed all remaining appointed members, and completed brief introductions from legislators and agency designees. The chair outlined the commission’s plan to use the first part of the enabling legislation as a “level-setting” discussion, focusing this meeting on the basics of blockchain, the current landscape for stablecoins and tokenized real-world assets, and leaving blockchain-based trust for a later meeting. No votes were taken. The main presentation came from Deanna Bario Zales of the Global Blockchain Business Council, who described stablecoins as increasingly converging toward fiat-backed or asset-backed models, with algorithmic designs viewed more cautiously. She said stablecoins are being used for payments, remittances, DeFi activity, cross-border transfers, retail use in high-inflation markets, and treasury functions, while noting risks such as peg instability, reserve transparency, counterparty and network risk, and possible capital flight from weaker banking systems. She cited growth in supply, wallet activity, and transfer volume, and said U.S.-pegged stablecoins dominate the market, with USDT and USDC leading. Zales also discussed tokenized real-world assets, describing them as digital representations of physical assets that can enable fractional ownership, liquidity, and faster settlement. She said the market is growing quickly, with institutional participation from firms such as BlackRock and Franklin Templeton, and projected continued expansion. She closed with an overview of regulatory developments, emphasizing the new U.S. stablecoin framework under the Genius Act, the proposed Clarity Act, OCC guidance, and similar regimes in the EU, UK, UAE, Singapore, Japan, and elsewhere, all of which she said are shaping compliance requirements and market development.

Transcript Highlights:

• digital economy. digital economy.
• all of my digital identity and digital<00:47:34.160> data.
• digital asset kiosk licensing regime. digital asset kiosk licensing regime.
• value um on the digital ecosystem. value um on the digital ecosystem.
• don't support the digital currency. don't support the digital currency.

Keywords: 912, senate, all

Summary: The Hawaii State Senate Committee on Commerce and Consumer Protection held an informational briefing on digital assets, blockchain, and related regulatory developments. Chair Jarrett Keohoko said the committee was focusing on national and state policy issues around digital assets, while leaving the separate issue of Bitcoin kiosks and fraud to the House Consumer Protection Committee, which had already noticed a similar briefing. No public testimony was taken; the session was for informational updates and member questions. Representatives from the Aptos Foundation, including JC Yun and Michael Cheng, gave a detailed presentation on blockchain basics and Aptos’s technology. They described blockchain as a tamper-resistant digital ledger, explained proof-of-work and proof-of-stake systems, and argued that proof-of-stake networks are faster, cheaper, and more environmentally friendly. They also emphasized smart contracts and potential uses beyond speculation, such as car titles, college transcripts, collectibles, digital IDs, real estate, and other tokenized assets. The presenters highlighted Aptos’s Hawaii connections and said the technology could help local residents and businesses participate in the digital economy. They cited adoption statistics, including billions of transactions on Aptos, tokenized money market funds from major financial firms, micro-lending applications, decentralized cloud infrastructure, and the rapid growth of stablecoins. They acknowledged concerns about scams and consumer protection, but argued that the answer is stronger regulation and education rather than avoiding the technology altogether.

Transcript Highlights:

• My name is Lachery Weems, and I am the Digital Navigation Coordinator for the Alliance for Digital Equity
• We're one of the largest human service organizations providing community-based services for individuals
• with... ...one of the largest human service organizations providing community-based services for individuals
• , Medicare, Social Security, SNAP, banking, health care, veteran services, and many other vital services
• Over half of those enrolled in ACP were utilizing ACP to access vital services, state services such as

Keywords: 995, all

Summary: The Joint Committee on Telecommunications, Utilities, and Energy opened its hearing with testimony on several broadband, towing, and rideshare-related bills. The first major issue was H. 3470/S. 2259, which would add data privacy and integrity protections for transportation network driver information. Rideshare drivers and labor advocates strongly opposed the bill, saying it would delay implementation of Question 3, which Massachusetts voters approved to give rideshare drivers a path to unionize. Drivers described low pay, deactivations, harassment, safety risks, and the need for a union to negotiate fairer working conditions. Legal and labor experts testified that the bill was largely duplicative of existing law and regulations and would unnecessarily postpone drivers’ organizing rights. No vote was taken on the bill during the hearing. The committee also heard extensive testimony on broadband affordability and access bills, including S. 2318/H. 3527 and related measures. Supporters, including legislators, digital equity advocates, senior advocates, and service providers, said low-income households need a permanent affordable broadband option after the federal Affordable Connectivity Program ended. They argued that internet access is now essential for jobs, school, health care, housing, and daily life, and supported a flat-rate low-income plan around $15 per month with protections such as no installation fees or termination fees. Opponents from cable and wireless industry groups argued the bills would impose artificial price mandates, discourage investment, and reduce consumer choice, noting that providers already offer discounted programs. The committee also heard support for broadband deployment and pole-attachment streamlining bills, with providers and municipal broadband advocates saying permitting delays and pole access bottlenecks slow expansion and raise costs. Additional testimony covered H. 3566, which would exempt municipal broadband projects from surety bond requirements, and towing-related bills including S. 2235, H. 3507, H. 3516, and H. 3482. Insurance and anti-fraud witnesses supported stronger towing protections, saying some towers charge excessive fees and hold vehicles hostage, while one witness urged broader consumer safeguards. The hearing ended after the chairs shortened testimony to fit the room schedule, asked for final comments on remaining bills, and then adjourned by motion and voice vote.

Transcript Highlights:

• <00:07:44.599> constituent Postage and digital constituent Postage and digital constituent
• the service uh policy in your packet is the service award<00:09:42.959> program<00:09:43.920>
• On line 20 on page 17, photographs and digital images: the House photographers take digital images of
• <00:13:09.279> a<00:13:09.399> hard digital digital I always have a hard digital digital
• > photographers take uh digital images of photographers take uh digital images of members<00:15:10.720

Keywords: 1183, house

Summary: The Committee on Rules and Legislative Administration met with a quorum present and began with member introductions, during which members identified their districts and, informally, their favorite restaurants. The committee then turned to a housekeeping resolution, 2025-P100, covering House policies and administrative procedures. The chair explained that the resolution consolidated routine rules updates prepared by House Research. The committee adopted two amendments to the resolution. The A1 amendment gave members more flexibility in how they receive their postage and digital constituent communications allotment. The A2 amendment corrected titles in the resolution. Staff then reviewed the resolution’s contents, including service awards, donated leave, comp time and time cards, remote work, member business services payments, leadership compensation, expense reimbursement, stationery, postage and digital communications, member communication expenses, alcohol and drug policies, legal fee provisions, photographs and digital images, chaplain pay, the high school page program, and the undergraduate internship program. Members asked several questions during discussion. Representative Long confirmed there were no changes to the legal-fee policy. Representative Hollins asked about the high school page stipend, and staff said it was proposed to increase from $10 to $15 per day. Representative Pursell asked about the 50-mile reimbursement threshold for members’ expenses; the chair said it is derived from IRS tax regulations. She also suggested reviewing how other states handle reimbursement. No members of the public testified. After discussion, the committee renewed the motion and adopted the 2025 resolution as amended. The meeting then adjourned.

Transcript Highlights:

• But walk us through where the digital service fits in this project. You're recognized.
• But walk us through where the digital service fits in this project. You're recognized.
• Historical context for me, I used to work with Florida Digital Service.
• What is the role of Florida Digital Service in your IT modernization? Thank you.
• Has APD participated in Florida Digital Services Data Catalog?

Summary: The subcommittee heard updates on several state technology modernization efforts, beginning with the Florida Division of Emergency Management’s Enterprise Business Solution (DEMS). FDEM said DEMS is about 50% complete, with some grants and finance functions already live, and is intended to replace manual disaster and grants processing with a cloud-based system. Officials described faster reimbursement timelines after recent storms, major return-on-investment claims, and a planned final phase focused on design, testing, communications, data governance, and additional functionality. Members asked about the total cost, the role of Florida Digital Service, deliverables-based contracting, and how much of the system is live; FDEM said the project is expected to cost about $16 million to $16.8 million and finish by June 2027, with some follow-up information to be provided. The Department of Legal Affairs presented its Office of Attorney General Modernization Program, a follow-up to an earlier effort that failed after spending about $26 million. Acting Attorney General John Gard said the department has now moved to an off-the-shelf case management product, LawBase, and is in development and testing, with the Office of Statewide Prosecution already live and full implementation expected by the end of the fiscal year. The request includes funding for staff augmentation, cloud storage, the LawBase license, redundancy through a backup site in Orlando, and OnBase support. Members questioned the prior failure, the use of Florida Digital Service standards, data location and cloud migration, and the redundancy plan; Gard said lessons learned included better scoping and that the current effort is on track. The Department of Highway Safety and Motor Vehicles then updated the committee on Motorist Modernization, including the Orion system and the MyDMV portal. Officials said Phase 1 and Phase 2 have modernized driver license and motor vehicle services, with Phase 2 statewide rollout scheduled to begin in April 2025 and Phase 3 proposed at $16.5 million for dealer services, data warehouse improvements, and call center modernization. Members asked about payment options, organ donor questions, staffing, cybersecurity, cloud strategy, and the digital driver license program. The agency said the portal already allows some sanctions to be cleared online, an ACH option is being developed, the digital driver license vendor has changed with a fall go-live anticipated, and the department is using security testing and a managed security service provider. Officials also said the system is currently on an on-prem private cloud, with future workloads expected to move to public cloud where appropriate. Finally, Florida Commerce presented on the Reemployment Assistance modernization system, Reconnect, and the FLWINS workforce system. Commerce said Reconnect is hosted in the Azure Government Cloud, has reduced claim filing time, improved fraud detection, and increased appeals capacity, and now needs $4.9 million in recurring funding to cover ongoing operations, cloud hosting, licenses, and staff augmentation. Members asked about adjudication issues, wait times, fraud prevention, and whether the system stores caller identifiers; Commerce said the average wait to speak to a representative is about 18 minutes and claims are generally processed in four to six weeks. The committee then began hearing about FLWINS, which is intended to create a “no wrong door” workforce portal under the REACH Act, but the transcript cuts off before that presentation concluded.

Transcript Highlights:

• services.
• Section two deals with an individual's right to hold digital assets and transact using those digital
• :03:42.760> require goods or services so does not require goods or services so does not require
• are several trillion dollars in digital are several trillion dollars in digital assets<00:04:24.600
• assets and transact using hold digital assets and transact using those<00:05:05.880> digital<

Keywords: 958, all

Summary: The House Standing Committee on Banking and Insurance met with a quorum and first introduced a guest before taking up House Bill 701, sponsored by Representative Adam Bowling. The committee adopted a committee substitute by voice vote. Bowling explained that the substitute removed the bill’s mining-related language and added clarification that the bill does not require anyone to accept digital assets as payment. The bill was described as a measure to modernize Kentucky’s approach to digital assets and blockchain technology, protect the right to hold and transact in digital assets, and clarify that certain crypto activities are not securities; it also preserves authority for the Attorney General to pursue fraud under existing consumer protection laws. Members asked questions about why Kentucky should act before federal regulators fully resolve whether digital assets are securities or commodities, whether the bill affected local zoning authority, and how the measure addresses consumer protection and money laundering concerns. Bowling and a Coinbase representative said the bill is intended to provide clarity, align Kentucky with emerging federal developments, and avoid stifling innovation. They noted that Coinbase remains subject to federal AML/KYC rules and that recent federal litigation over staking and securities issues had been dismissed. Several members said they supported the bill as a way to put Kentucky in a leading position, while others expressed uncertainty about the security-versus-commodity question. The committee then voted on House Bill 701 as amended by the substitute. The bill passed on a roll call vote, with most members voting yes. Representative Camuel passed, saying she wanted more time to understand the issue, and Representative Grossberg voted yes with reservations. Representative Hancock and others said the bill’s regulatory clarity and consumer protection aspects were important, and Representative Lockett said the measure would help Kentucky be ready once federal regulators decide how crypto should be classified.

Transcript Highlights:

• They’re mainly operating student services and support services programs.
• , their digital footprint all over the place, and How to use location services, their digital footprint
• It is digital.
• It is digital.
• It is digital.

Keywords: 987, senate, all

Transcript Highlights:

• The services and their contracts remain subject to oversight by the Utah Public Service Commission.
• And I think you need to up your game a little bit on service and service reliability in the state of
• So it's important that legislators understand that in the digital age, digital identity is critical infrastructure
• for these digital identities.
• My agency, the Office of Consumer Services, and the Public Service Commission are all funded with fees

Keywords: 985, all

Transcript Highlights:

• And really our goal is simple: to confirm as many people can have access to the digital services that
• plug in your state services.
• Your state services.
• They established a digital services office that said, hey, we're going to set some statewide strategy
• services.

Keywords: 1182, all

Summary: The House Science and Technology Committee met and heard two informational presentations, with no bills considered and no votes taken. Deloitte Infrastructure Insights presented a transportation AI tool, Infrastructure Insights Pro, focused on vulnerable road user safety and pedestrian crash analysis. The presenter described how the platform ingests agency data such as crash records, GIS layers, and project management systems to generate map-based insights, trust scores for data reliability, and draft concept reports. Members asked about how long similar reports took before AI, whether the tool had been used in other states, and whether it reduced cost or effort; the presenter said a report that once took six to eight months could now be drafted in hours, that the safety use case had been implemented at Caltrans, and that the main savings were in staff effort. The committee then heard from OCTA and Socure on digital identity, fraud prevention, and resident access to government services. The presenters argued that state and local governments should move toward a single, privacy-preserving digital identity experience that reduces multiple logins, improves security, and helps stop fraud by using contextual signals such as device, location, and document validation. They said Arizona already uses OCTA for more than 40,000 employees and some citizen services, and that Socure supports identity verification for public programs, including Arizona’s Empowerment Scholarship Account. A lengthy discussion followed about Real ID, state digital IDs, privacy, Fourth Amendment concerns, federal funding, and whether identity systems could become a national ID or surveillance tool. The presenters responded that states should retain control, that verifiable digital credentials can limit what information is shared, and that Arizona could centralize resident identity with privacy guardrails while preserving choice. The committee adjourned without further business.

Transcript Highlights:

• By ending the current state tax exemption for digital advertising sales and services and for physical
• Today, we have a largely service-based and increasingly digital economy, but our sales tax base has not
• digital sector.
• , uh the vast majority of services, uh the vast majority of services, including<00:05:16.040>
• And that's a major digital sector.

Keywords: 919, house, all

Summary: The meeting was a press-style discussion in support of House File 4343, which would end Minnesota’s sales tax exemption for digital advertising services and physical advertising space such as billboards. Supporters said the bill would raise more than $300 million in revenue and allow the state sales tax rate to be reduced, while also modernizing the tax code to reflect a digital, service-based economy. Eric Bernstein of We Make Minnesota argued the current sales tax base is outdated, too narrow, and unfairly shifts burden onto Minnesota businesses, workers, and property taxpayers. Representative Lislegard said the bill would help fund schools, health care, infrastructure, child care, and local government, and framed it as a response to structural budget gaps and rising property taxes. She said large corporations are not paying their fair share and that the state should cut exemptions rather than reduce public services. Several speakers from labor, education, health care, and the arts backed the proposal, including a working parent who cited high child care costs, an AFSCME representative from Hennepin County Medical Center who said the revenue is needed to support the safety-net hospital, a musician who said streaming and ad-driven platforms profit from artists’ labor, and an educator who criticized social media companies’ impact on youth. The speakers repeatedly argued that major tech and advertising companies such as Meta, Google, Amazon, Microsoft, TikTok, and Spotify should contribute more to public services, while ordinary Minnesotans already pay too much. Representative White closed by acknowledging the bill faces a difficult path but said supporters would keep fighting for it. No vote or formal committee action was taken in the portion provided, and the event ended with one question from the audience.

Transcript Highlights:

• So, Anchorage Digital, at the highest level, we are a global digital assets platform.
• services, trading services, settlement services, and some crypto-native services, things like staking
• > through We provide other services through We provide other services through affiliates<00:28
• <00:45:13.040> like<00:45:13.359> uh digital forms of things like uh digital forms
• have a broader array of credit services have a broader array of credit services um<00:45:34.560>

Keywords: 1189, house, all

Summary: The commission met to review stable tokens, real-world asset tokenization, and blockchain-based trust, approved the agenda and December 12 minutes, and heard a presentation from Anchorage Digital after postponing a planned Bitco presentation because of its IPO quiet period. Anchorage’s Melinda Delos, Joe Mioli, and Kevin Wasaki introduced the firm, describing it as a global digital assets platform and the first crypto-native institution in the U.S. to receive a federal banking charter. They said their approach emphasizes security, regulated custody and trading services, and responsible innovation for institutional clients, banks, states, and sovereigns. The presentation focused on post-Genius Act momentum in the stablecoin market. Anchorage said the law provided regulatory clarity and helped spur activity with major clients, including Athena, Tether, and Western Union. The speakers highlighted Western Union’s planned stablecoin as especially significant because it reflects adoption by a long-established traditional payments company, and they said the project illustrates how stablecoins can support programmable, real-time, interoperable payments. They also noted that Anchorage is providing issuance infrastructure for the Western Union project. The commission and presenters also discussed government uses of tokenized assets, including reserve legislation, digital assets for tax collection and fees, and a Marshall Islands initiative to use a tokenized sovereign bond for direct citizen payments. In response to a question, Anchorage said it would follow up on which states are using digital assets for revenue collection, mentioning Louisiana and Pennsylvania as examples. The banking discussion centered on remittances, instant payments, and interbank settlement, with Anchorage arguing that stablecoins can reduce settlement time, fees, and foreign exchange risk while improving traceability and auditability.