Video & Transcript Research : 'Texas Local Government Code'
Page 224 of 500
NM
New Mexico 2025 Regular Session
House - Taxation and Revenue Mar 19th, 2025
House Taxation & Revenue
Transcript Highlights:
- It was allocating some of that GRT to local communities.
- The creation of this fund will provide critical financial resources for local governments to address
- By supporting this legislation, we are investing in local governments, empowering them to deliver better
- And if we are shortchanging local governments and they can't provide the afterschool program, if they
- That is considered our local share.
AZ
Arizona 2026 Regular Session
01/28/2026 - Senate Health and Human Services
Health and Human Services
Transcript Highlights:
- Thank you. ...million square feet of state government space.
- , which included reducing government buildings.
- We have prepayment review on some codes.
- And, Madam Chair, to Damon, my specific code would be for behavioral health.
- how long the prior authorization turnaround time is for that current code.
Bills:
SB1051, SB1114, SB1115, SB1122, SB1132, SB1162, SB1169, SB1171, SB1172, SB1173, SB1174, SB1175, SB1179, SB1188, SB1233, SB1236, SB1242, SB1316, SB1368
Keywords:
SB1051, Arizona hospitals, immigration status, patient intake, admission forms, registration forms, health care reporting, uncompensated care, emergency department, lawfully present, undocumented immigrants, noncitizen patients, hospital funding, Arizona Department of Health Services, ADHS, border security, health care institutions, patient privacy, medical access, immigration policy
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Seventy - Thursday, May 14 - Morning Session
Missouri House Floor Meeting
Transcript Highlights:
- One event happened to me in 2019 when I was in Austin, Texas.
- We worship at the altar of local control until we don't. 2.
- It provides resources for local municipalities and local law enforcement to combat prescription drug
- When capital, management, labor, and government, both at the state level and at the local level, can
- Now we have a very vibrant downtown active community where some of our local artists as well as our local
Summary:
The House opened with prayer, the Pledge of Allegiance, and approval of the House Journal for the prior day by a vote of 118-1. The rest of the session was dominated by points of personal privilege, including farewell remarks from several outgoing members. Those speeches focused on service, family, staff, veterans, law enforcement, integrity, and concerns about lobbyist influence, with members also thanking legislative assistants and recognizing guests and family members in the chamber.
The chamber then took up several bills. Senate Bill 1019, dealing with hospital finance and investment authority, was amended to align workplace violence, telehealth, prior authorization, physician licensure, and Lyme disease language, then passed 110-31. Senate Bill 1572, a pensions bill affecting police retirement, MOSERS, EMPERS, and related board provisions, drew extended debate over how to handle retirement overpayments; amendments were adopted to address technical and policy issues, and the bill passed 129-14. Senate Substitute for Senate Bill 1196, concerning workforce diploma programs, Fast Track Workforce Incentive Grants, workforce Pell Grants, higher education funding, and university board residency rules, was amended and passed 115-20, but its emergency clause failed 2-132.
The House also granted further conference on Senate Bill 1020. Committee reports were read on several other measures, including bills recommended to pass by Fiscal Review. Later, the House began considering Senate amendments to House Bill 2508, an LLC-related bill involving certificates of good standing, court dissolution of LLCs in limited circumstances, and a St. Louis County property-management affidavit process for repeated ordinance violations.
CA
California 2025-2026 Regular Session
Assembly Judiciary Committee Jun 24th, 2025
Transcript Highlights:
- Whereas the federal government merely just doesn't approve the merger?
- Whereas the federal government merely just doesn't approve the merger?
- And I'm pleased that the bill has support from local governments.
- Small mom-and-pop at a local level is under five units.
- government employees unprepared and the public at risk.
Summary:
The committee heard several bills from Senator Umberg and Senator Allen, with testimony from supporters and opponents before roll-call votes were taken once quorum was established. SB 253, the annual State Bar fee bill, would keep fees unchanged while requiring two-year notice for substantial changes to the bar exam, including vendor changes, and returning to an older delivery method for the upcoming exam; it was presented as a response to recent State Bar problems and the February bar exam failure. SB 25, the Pre-Merger Notification Act, would require certain merger parties to provide California’s attorney general the same Hart-Scott-Rodino materials filed federally, so state antitrust review can occur in parallel with federal review; supporters said this would reduce delay and uncertainty, while members questioned whether it would add another layer of review. SB 36 would strengthen price-gouging enforcement after the January 2025 Southern California firestorms by requiring rental-listing platforms to report suspected gouging, expanding consumer and prosecutor remedies, and allowing warrants in housing-related cases; supporters said it would close loopholes, while opponents from business groups raised concerns. All three bills were later approved on roll call, with SB 36 and SB 413 placed on call before final passage and SB 253 and SB 25 moving forward on committee votes.
The committee also heard SB 413, which would streamline access to juvenile case files in certain civil cases brought by or on behalf of the youth who is the subject of the file, allowing attorneys to use heavily redacted records without first petitioning the juvenile court. Supporters, including Los Angeles County counsel and county associations, said the current petition process is costly, slow, and routinely granted, creating delays in civil litigation and court congestion. Opponents, including the Youth Law Center, argued the bill would weaken longstanding juvenile confidentiality protections by bypassing judicial review and could expose sensitive information unnecessarily. After discussion about redactions, sealing, and the scope of access, the bill was passed on a do-pass-as-amended vote.
Finally, Senator Wahab presented SB 436, which would extend the notice period for nonpayment of rent from three days to 14 days. Supporters, including tenant advocates, legal aid groups, and several local governments, argued the change would reduce unnecessary evictions, give renters more time to obtain assistance or a paycheck, and help prevent homelessness. Opponents, including apartment associations, property owners, and the California Association of Realtors, said the bill would burden landlords, especially small owners, and could unintentionally affect commercial leases; members also raised concerns about repeated late payment and the lack of stronger guardrails. The author said she would work on clarifying commercial coverage and safeguards, and the bill remained under discussion as the hearing continued.
FL
Florida 2025 Regular Session
December 9, 2025 - 03:00 PM
Transcript Highlights:
- In-house, our work is tightly tied to workforce needs at the local state and national levels.
- We also must keep curriculum moving at the pace of technology and maintain strong governance, privacy
- And as someone who grew up here, I plan to stay local to the Tampa Bay area after a graduate and I hope
- Why do we have a coding faculty members?
- Look that litigation and governance agreement was reached between the Legislature, the executive branch
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Nov 5th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- And also, it took out a lot of local programs. We had a lot of providers.
- We're really wanting to empower local voices to shape the plan.
- And we asked for one accountable entity, which would have to be a government quasi-government, or tribal
- We have one council of government that came in as the quasi-government, and that is for the McKinley-San
- I think a big piece of this is that it's a locally driven model.
NM
New Mexico 2025 Regular Session
IC - Courts, Corrections and Justice Sep 23rd, 2025
Courts, Corrections & Justice Committee
Transcript Highlights:
- Or watch the new roles of the federal government in our state and local communities.
- And our role as legislators in working with state and local government.
- The Supreme Court stated that the federal government may... ...not conscript state government as its
- We know collaboration between local governments and federal immigration authorities dramatically increases
- And while I'm glad it's not happening there, it's obvious that our local governments are engaging with
TX
Texas 89th Regular
S/C on Defense & Veterans' Affairs Mar 3rd, 2025
S/C on Defense & Veterans' Affairs
Transcript Highlights:
- For example, what's the difference between Texas military department, Texas military forces in the Texas
- Texas State Guard is your Texas Patriots. It's 1,700, over 1,700.
- Fund for Veteran Assistance provides typically about $40 million in grants to nonprofits and local government
- I was recently appointed as the Texas chair for the employer support of the government.
- We have four service officers that work in conjunction with a Texas veteran. and their local offices
TX
Transcript Highlights:
- The numbers tell the story, showing that Texas Maritime Ports are not just local assets.
- It's a coalition launched with the TRA, Texas Association of Business, Early Matters Texas. and Texas
- Child care is the single most ubiquitous legislative topic in the country. of government, local, federal
- Texas has.
- Texas Appleseed, Texas CASA, and Texas Network of Youth Services worked with legislators to pass two
TX
Transcript Highlights:
- Rules by state agencies in current judicial proceedings refer to the Committee on Delivery and Government
- Further, the Committee on State Affairs, HB 552 by Gonzalo Zopasso, relating to the study by Texas A&
- Relating to the improvements to the Texas Information and Referral Rant Work, refer to the Subcommittee
- government entities affected by the realignment of the Defense of Work Jobs facility to receive grants
- Tuesday in memory of James S Edward Cook of Eustis, Texas. Is there objection?
LA
Transcript Highlights:
- I'm with the People's Council of Greater New Orleans, and I'm on the COC governing Board and Unity's
- Members of this committee have long warned against government programs that create paperwork without
- to push template legislation across the country that preempts local control.
- They give them information, or they're going to give your privacy away, or the government is going to
- So they're government contracts? That's correct.
Bills:
SB237
Keywords:
child welfare, Department of Children and Family Services, mandatory reporting, abuse prevention, investigative teams, child ombudsman, forensic interviews, confidentiality
Summary:
The Senate Committee on Health and Welfare met on May 20, 2026, with eight members present and approved the May 13 minutes. The committee quickly reported several bills favorably, including SB 1224, which requires DCFS review when a pregnancy involves a child under 17 and makes children under 12 a child in need of care; SB 1100, which repeals an old statute on unenriched bread; HB 1220, a continuation of prior work to codify certain provisions related to the Louisiana State Board of Medical Examiners; HB 1231, clarifying that continuous glucose monitoring is covered through Medicaid for any insulin-dependent diabetic, including gestational diabetes; and HB 198, setting reimbursement rates for ambulatory surgery centers for certain Medicaid procedures. The committee also adopted a personal privilege welcome for physicians on White Coat Day and repeatedly noted that several bills were being advanced with the understanding that further work might continue before floor debate.
A major portion of the meeting focused on HB 1160, which would create a streamlined restricted license pathway for qualified international medical school graduates, especially for rural and shortage areas. Committee members pressed the Board of Medical Examiners about delays in promulgating rules under an earlier 2024 law and objected to rule language they said went beyond the statute. Board representatives acknowledged a misunderstanding about the original bill’s intent and said the program had been operating, but members warned against agencies writing rules that contradict enacted law. Despite the criticism, HB 1160 was reported favorably. The committee also reported favorably HCR 67, which creates a task force to study gaps in acute care for special-needs adults and children, following emotional testimony from the sponsor about her son’s death and the lack of appropriate care options.
The committee then approved HCR 27, calling for a coordinated statewide evaluation of autism services by the Department of Health and Department of Education, with testimony emphasizing rising diagnosis rates, rural provider shortages, and the need for better data and coordination between medical and school-based services. HCR 28, which would study school nurse orientation and training, was also reported favorably after school nurses described the lack of standardized onboarding for new graduates and the risks of placing them alone in schools without adequate supervision. HB 469, which would have allowed pharmacy license renewal fees to be directed to Xavier University’s pharmacy school as well as public schools, was deferred after concerns about diverting funds from public institutions and the absence of testimony from affected schools.
The committee also took up HB 223, which recreates DCFS, and adopted an amendment shortening the sunset date and requiring law enforcement reports to be accepted through a secure web-based platform; the bill was then reported favorably as amended. Another major discussion centered on HB 457 and HB 616, both tied to homelessness. HB 457, establishing minimum standards for shelters and related facilities, was reported favorably as amended after sponsor testimony and support cards. HB 616, which would allow the legislative auditor and local officials access to records and databases for audits of homelessness initiatives, drew extensive debate over privacy, federal funding, and accountability. Supporters cited a 2025 audit showing more than $216 million in federal homelessness spending in New Orleans and argued that auditors need access to performance data to detect waste and abuse; opponents warned about client privacy and the impact of funding cutoffs. The committee adopted an amendment changing permissive language to mandatory language for enforcement and then continued hearing testimony, with the discussion still centered on balancing oversight with confidentiality.
TX
Transcript Highlights:
- This is a loss for not only Texas, but this could be the end for many Texas families who already barely
- in Texas.
- We are not against efficiency in government.
- state of Texas is dangerous.
- All decisions are made locally, but the issue is Texas could be the poster child for what's wrong with
Keywords:
public education, Department of Education, funding, Trump, Kassar, Elon Musk, education policy, youth advocacy, billionaire influence
Summary:
This was a press conference organized by student advocates and Texas Democratic lawmakers to oppose efforts by the Trump administration and allies to dismantle the U.S. Department of Education and to criticize Texas voucher proposals. Speakers argued that the department and its Office for Civil Rights are essential for enforcing civil rights protections, supporting special education, Title I, Pell Grants, career and technical education, and other federal education programs. They said eliminating the department would weaken oversight, shift power to states that have a poor record on student protections, and harm marginalized, low-income, disabled, and rural students.
Congressman Greg Casar framed the issue as a transfer of public money from schools to billionaires, tying the department fight to federal budget and tax-cut debates and to Texas voucher efforts. State Representative Gene Wu said Texas public education is already near collapse and warned that losing federal support would worsen school closures, staffing shortages, and class-size increases. Representative Gina Hinojosa highlighted Texas’s past special education cap and attacks on Section 504, and said she filed bills to route federal block grants directly to schools if federal policy changes move forward.
Representative Vicki Goodwin said the state should fund schools rather than vouchers and noted underfunding of special education and inflation pressures. Round Rock ISD trustee Melissa Ross and Texas AFT president Zef Capo emphasized that federal oversight protects students and that Texas has a history of underfunding and mishandling special education, meals, and other services. The final speaker, Westwood High School senior Eliza Abert, said the loss of federal education support would most harm low-income and middle-class students and called on attendees to oppose the changes. No votes were taken; the event ended with a call for public pressure on lawmakers and continued advocacy.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 2 on Human Services Mar 26th, 2025
Transcript Highlights:
- You know, this question of government silos goes a very long way. People come to government...
- strong systems locally.
- Seventeen states filed Texas v.
- You have to have the local relationships built with your local OES department, with your local school
- Have those local resources. Have those local relationships there.
Summary:
The Assembly Budget Subcommittee on Human Services held a hearing on developmental services, rehabilitation, and related supports, with no votes taken. The first major topic was the Master Plan for Developmental Services. Administration officials described a year-long, community-driven process that included a steering committee, work groups, and statewide engagement sessions, and said the final draft would be released that Friday with about 170 recommendations. The Department of Developmental Services said the plan would inform future work, but did not offer a detailed implementation roadmap. The LAO said the plan contains significant policy and budget implications, may require statutory changes, and needs further analysis to turn recommendations into actionable proposals. Advocates and regional center representatives urged the Legislature and administration to avoid letting the plan sit on a shelf, called for prioritization and ongoing stakeholder oversight, and emphasized the need to address equity, workforce, service coordination, and cross-system collaboration. The chair said he wanted to work with the LAO on trailer bill language and future reporting to create a clearer path forward.
The second topic was the Office of Employment First and competitive integrated employment. Administration witnesses said California has ended subminimum wage under SB 639, but that moving people into competitive integrated employment remains a major priority. They described existing efforts such as DDS’s coordinated career pathways pilot, paid internships, job development services, benefits counseling, and DOR’s career counseling and referral services, along with pilot projects in San Diego and Orange County. The State Council on Developmental Disabilities and advocates argued that employment outcomes have remained stuck at roughly 15% and that a dedicated Employment First Office is needed to coordinate across agencies, align goals, and improve outcomes. The LAO recommended regular legislative oversight on people transitioning out of subminimum wage and asked for technical assistance on coordinated career pathways. The chair criticized the administration’s decision to effectively eliminate funding for the office, requested a detailed implementation timeline and quarterly transition reports, and said the committee would continue pressing for the office to be implemented.
The final issue was respite services, utilization trends, and access. DDS reported that in-home respite use and spending have risen sharply over several years, with about 150,000 people using respite in 2023-24 and expenditures reaching about $1 billion. Officials said access depends on families knowing the service exists, service coordinators identifying need, and having enough providers, especially in rural and linguistically diverse communities. The San Diego Regional Center said utilization generally mirrors statewide trends, but access is stronger in some areas, such as Imperial County, where families often prefer family-directed or agency-supported models that allow them to hire trusted workers. Committee members emphasized the importance of respite for family health and caregiver well-being, asked whether service coordinators are asking practical questions about sleep and stress, and discussed the need for better identification of complex behavioral and medical needs. DDS said a standardized family support tool and updated IPP process are intended to improve consistency, transparency, and person-centered assessment for respite and related services.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Public Health Jun 21st, 2026 at 10:00 am
Joint Committee on Public Health
Transcript Highlights:
- We began significant local appropriations for PFAS mitigation in 2020.
- We began significant local appropriations for PFAS mitigation in 2020, and it took until summer of this
- governments do not continue to clean up ongoing contamination at the expense of our citizens.
- The state's sanitary code and fire code are supposed to be uniform, yet they are subject to local interpretation
- The state's sanitary code and fire code is supposed to be uniform, yet it is subject to local interpretation
Summary:
The Joint Committee on Public Health held a lengthy hearing to take testimony on a wide range of bills related to environmental health, PFAS, medical device chemicals, food access, lead poisoning, air quality, oral health, and school food additives. Chair Driscoll and Chair Decker emphasized that the hearing was for testimony only, no decisions would be made that day, and that written testimony could still be submitted. They also noted the high volume of speakers and asked witnesses to keep remarks brief.
A major portion of the hearing focused on PFAS-related legislation, including bills to restrict PFAS in products and food packaging and to create a PFAS remediation trust fund. Municipal officials and advocates described the high costs of PFAS cleanup, especially for drinking water systems, citing Easton’s multimillion-dollar treatment investments and rate increases. Testimony from legislators and advocates argued that Massachusetts should act despite federal uncertainty, and that the state should stop PFAS at the source rather than leaving municipalities and residents to pay for remediation. The committee also heard strong support for a bill banning DEHP in medical devices, with physicians, nurses, and a bill sponsor saying the chemical can leach from IV bags and tubing and that safer alternatives already exist.
The committee also heard testimony on bills to establish statewide food truck permitting, with food truck owners and a senator describing the current system as costly, duplicative, and inconsistent across municipalities. Another set of witnesses supported the “Bean New Deal,” which would expand plant-based food options in public institutions, senior nutrition programs, and WIC, citing health, equity, and cost savings. On lead poisoning, housing advocates and a representative backed bills to expand lead-safe housing requirements to all rental units, arguing the current law contributes to discrimination against families with children and leaves too much pre-1978 housing uncertified. The committee also heard support for an outdoor air pollution bill that would create an advisory committee, identify pollution hotspots, expand monitoring, and set reduction targets, with testimony from environmental justice groups, pediatricians, and legislators describing disproportionate asthma and other health harms in overburdened communities.
Later testimony addressed oral health bills to create dental therapists and allow dental hygienists to administer nitrous oxide, with supporters saying the measures would expand access, reduce costs, and help underserved patients. The committee also heard testimony on a bill to prohibit harmful food dyes in competitive school foods, with parents describing behavioral and health concerns tied to synthetic dyes. No votes or formal actions were taken during the hearing.
CA
California 2025-2026 Regular Session
Assembly Privacy and Consumer Protection Committee Jul 1st, 2026
Privacy and Consumer Protection
Transcript Highlights:
- This partnership creates a first-in-the-nation scalable AI governance framework...”
- We, the government, have said, you must do this.
- We need employer data and we need government-held data to prepare for this moment.
- governments from the provisions that require right to first bid.
- The Penal Code defines person to include businesses.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 1 on Health Apr 21st, 2025
Transcript Highlights:
- I represent local health departments throughout our state.
- You heard about the Title 10 cuts, which also impact local health departments.
- the CDC will impact state and local health departments.
- Local to express initial concerns with the direction things were going in DC.
- First, protect and sustain state funding for local.
FL
Florida 2026 5th Special Session
Banking and Insurance Jan 13th, 2026
Transcript Highlights:
- sharing ministries are not engaging in the business of insurance and not subject to the insurance code
- agents and brokers are engaging in the business of insurance and should be subject to the insurance code
- crater of unshared needs, with Florida being the third largest state impacted after California and Texas
- crater of unshared needs, with Florida being the third largest state impacted after California and Texas
- Senator Pizzo, so I am the director, excuse me, of Medi-Share government and policy affairs.
Summary:
The Committee on Banking and Insurance met with a quorum present and took up several bills, beginning with SB 834 on health care sharing ministries and insurance agents. Senator Yarbrough presented the bill to repeal a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing consumer protections; opponents said the bill was unnecessary and could increase confusion or misuse of agents and brokers. The committee adopted a title amendment and then reported the bill favorably after debate, with Senator Pizzo raising concerns about consumer reliance and lack of guaranteed coverage.
The committee then approved SB 642 on foreign and alien bail bond insurers, SB 394 on reinsurance intermediary managers, and SB 266 on public adjuster contracts. SB 266 would let vulnerable adults rescind public adjuster contracts at any time without penalty; it drew support from consumer and industry groups, with some discussion about estimates and claim work product. The committee also passed SB 832 on residential property insurance transparency, which requires rate transparency reports and a consumer resource center at OIR, and adds a provision excluding land value from homeowners coverage calculations in most cases. Testimony on SB 832 was generally supportive of the transparency goal, though insurers said some of the required cost breakdowns may be difficult to produce as written.
The committee next considered SB 1028 on Citizens Property Insurance Corporation, which would create a commercial lines clearinghouse to move eligible policyholders into the private market and reduce Citizens’ commercial exposure. Supporters said it would lower taxpayer risk and improve competition; a speaker suggested additional changes to deductibles, water-damage caps, and repair practices. The bill was reported favorably after a delete-all amendment and supportive debate from Senator Boyd. Finally, the committee passed SB 540 on the Office of Financial Regulation, which adds cybersecurity requirements for certain licensees, updates oversight of investment advisers and money service businesses, adjusts some charter and meeting rules for financial institutions and credit unions, and includes amendments clarifying repossession/deficiency claims, family office exemptions, and virtual credit union meetings. The meeting ended with all of the considered bills reported favorably and the committee adjourned.
NM
New Mexico 2025 Regular Session
House - Government, Elections And Indian Affairs Mar 5th, 2025
House Government, Elections & Indian Affairs
Transcript Highlights:
- This will have a fiscal impact on local governments, specifically counties.
- This would help support adoption and our work in the Office of Housing to work with local governments
- Local governments and water authorities can go and seek financial assistance for their priority water
- It's just so that those local governments and water authorities would have a real-time understanding
- Associations, land grants, local governments, who's included in this?
TX
Transcript Highlights:
- Advisory Committee of the Texas Water Fund Advisory Committee, the abolish the Texas Infrastructure
- Fund and the advisory Committee and the composition of the functions of the Texas Water Advisory Fund
- HB 3336 by Buckley relates to the alcoholic beverage tax of certain local beverage byproduct donated
- government to enter into local interlocal contracts with certain government entities to participate
- The following resolutions are being referred to the Committee on Local Consent calendars.
NH
New Hampshire 2025 Regular Session
Commission to Study Stable Tokens (12/10/2025)
Transcript Highlights:
- But the other half I spend working with governments—foreign, domestic, our own governments, U.S.
- ,<00:17:03.680>
be institutions, be they governments, be institutions, be they governments - So, um, next slide please. regulator, a government, a bank, a regulator, a government, a bank, a person
- The code base for Hedera is operated and governed by the Linux Foundation in an open-source manner.
- <01:33:02.000>
Whatever is trusted governance. Whatever is trusted governance.
Summary:
The commission met with a quorum, approved the agenda, and approved the November 12 minutes after a motion, second, and unanimous voice/online consent. The chair said the meeting would include two presentations—one from Noah Herman of Fortress Global and one from John Kicko and team from Hedera—followed by discussion of the commission’s next steps and public comment. The chair also noted he was still seeking a clerk for note-taking.
Herman’s presentation focused on stablecoins, blockchain use cases, and operational considerations for states and other institutions. He described Fortress as an enterprise crypto-wallet and treasury platform serving corporates, governments, and nonprofits, and used examples such as Save the Children and a large global commodities firm to illustrate custody and treasury management on blockchain rails. He said stablecoins are designed to maintain a U.S. dollar peg, are increasingly backed by treasuries and subject to greater transparency, and are being adopted by major firms and payment companies because they can improve speed, reduce cost, and simplify payments. He also highlighted market growth, including claims that stablecoins now represent a significant share of on-chain activity and are a major holder of U.S. Treasuries.
He identified custody as a key issue for state and institutional use, outlining qualified custody, managed custody, and self-custody models. He said the main practical challenge for the commodities client was moving funds safely and quickly across global time zones and that blockchain rails could solve problems that traditional banking rails could not. He framed the broader trend as one of accelerating institutional adoption, citing recent acquisitions and product launches by Visa, Stripe, Citi, and PayPal as evidence that stablecoin infrastructure is becoming mainstream.