Video & Transcript Research : 'algorithmic discrimination'
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MN
Minnesota 2025-2026 Regular Session
Committee on Commerce and Consumer Protection - 04/28/26
Commerce and Consumer Protection
Transcript Highlights:
- So, we shouldn't allow unregulated algorithms to dictate the mental health of an entire generation.
- Um, I use algorithms as a young person to create business.
- And that's because of his algorithm.
- So, um, thank you for your time. algorithm and the way that his guardians algorithm and the way that
- , Um as far as algorithms, Um as far as algorithms, um<00:31:42.080>
and <00:31:42.840>
PA
Transcript Highlights:
- As more transactions move online and are increasingly driven by algorithms, it's important that our consumer
- Consumers should not have to wonder whether an algorithm has determined that they can be charged more
- simply because of I have to wonder whether an algorithm has determined that they can be charged more
Summary:
The House convened with prayer, the Pledge of Allegiance, journal approvals, quorum call, and a series of guest recognitions, including students, interns, local officials, and advocates visiting the chamber. Members also announced caucus and committee meetings, and the House recessed before returning later in the day for floor action.
After reconvening, the House adopted several committee reports and then considered a series of resolutions and bills. It adopted House Resolution 462, designating May 17, 2026, as World Neurofibromatosis Awareness Day, and House Resolution 553, designating May 19, 2026, as Pontian Greek Genocide Remembrance Day, both by 200-2 votes. The chamber also agreed to House Bill 733 on marriage ceremony law, House Bill 2529 on scheduling metatomidine as a Schedule 3 controlled substance, and Senate Bill 1294 on civil penalties for unlicensed commercial driving schools.
The House then debated House Bill 2359 on data center nondisclosure agreements and related amendments. One amendment requiring hyperscale data centers to pay their own energy and infrastructure costs failed on a 101-101 tie, while another amendment to make the bill effective immediately passed 201-1 and a third amendment to protect trade secrets failed 87-115. The bill itself was agreed to after amendment. The House also approved House Bill 2455 on collective bargaining rights for Pittsburgh school administrators, House Bill 2499 on State Workers Insurance Fund investment authority, Senate Bill 604 joining the Counseling Compact, and House Bill 1006 on penalties against abusive towing practices, with one agreed-to amendment added.
Several measures then passed finally by recorded vote: House Bill 2014 on opportunities for minors in emergency service organizations, House Bill 2037 on cryptocurrency-related ethics restrictions for public officials, House Bill 2512 prohibiting ride-share pricing based on certain device conditions, House Bill 2644 authorizing capital bridge projects, and House Bill 2559 on Millersville University and other conveyances. House Bill 2559 drew floor criticism from Representative Conklin over the state land conveyance process, though it still passed 154-48. Before adjournment, the House recommitted several bills to Appropriations, removed additional Senate bills from the table calendar, and adjourned until June 30, 2026, at 11 a.m.
FL
Florida 2025 Regular Session
March 11, 2025 - 08:00 AM
Transcript Highlights:
- think it was, when we were trying to get the tech companies to turn over the formulas of their algorithms
- And the amount of funding invested in these algorithms that have made them so... ...of funding invested
- in these algorithms that have made them so addictive.
Summary:
The Education Administration Subcommittee heard and approved four bills focused on school safety, student health, and classroom environment. HB 1403, Safety of Students, would expand Guardian program participation to child care facilities, require substitute teachers to receive campus safety protocols, and allow limited exceptions for certain CTE classrooms; it drew supportive testimony from school safety and education groups and passed 16-0. PCS for HB 907, the Sunshine Genetics Act, would create the Florida Institute for Pediatric Rare Diseases at FSU and launch an opt-in newborn whole-genome screening program funded with $20 million; supporters said it could speed diagnosis, save lives, and reduce health care costs, and it passed 17-0. HB 949 would prohibit student use of wireless communication devices during the full school day, while allowing districts flexibility in implementation and medical exceptions; supporters cited distraction and bullying data, and the bill passed 17-0.
The committee also approved HB 723, the Type 1 Diabetes Early Detection Program, which requires the Department of Health to provide school-based informational materials to parents and guardians about early warning signs, risk factors, and screening for type 1 diabetes. An amendment broadened the notification to include voluntary pre-K, kindergarten, and first grade and shifted the annual notice to September 30. Testimony in support came from diabetes advocates and pediatric groups, and members spoke about personal experiences with diabetes and the value of earlier education. The bill passed 17-0 after the amendment was adopted.
Across the meeting, members from both parties generally praised the bills as bipartisan efforts to improve student safety, health, and learning conditions. Several members raised questions or concerns about implementation details, including school guardian tracking, cell phone pouches and emergency access, and how the diabetes notice would be distributed, but no bill faced opposition in committee. All four measures were reported favorably.
HI
Transcript Highlights:
- One of those validators is selected at random by an algorithm and But it really helped lay a foundation
- One of those validators is selected at random by an algorithm and you will that everyone can see but
- /c><00:20:59.200>
random <00:20:59.600>by <00:20:59.840>an <00:21:00.080>algorithm - <00:21:00.720>
and Selected at random by an algorithm, and that validator gets to create a - players owning our digital identity, slicing and dicing it and selling it for different ads and using algorithms
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.
FL
Florida 2026 4th Special Session
House in Special Session D Apr 29th, 2026
Florida House Floor Meeting
Transcript Highlights:
- Representative, do you know whether this map was drawn by hand or using outside algorithms?
- Do you know whether this map was drawn by hand or using outside algorithms?
- Was this map drawn by hand or using outside algorithms? Oh, I'm sorry, Ms. Fields already answered.
- Was this map drawn by hand or using outside algorithms? Oh, I'm sorry, Ms. Fields already answered.
Summary:
The House convened with prayer, a moment of silence for former member Mark Weissman and local officials Donna Lou Fiala and Eric C. Brecknitz, and the Pledge of Allegiance. Members approved the journal and adopted the Rules and Ethics Committee’s special order report setting the calendar and debate times for the day. The chamber then took up House Bill 1D, establishing Florida’s congressional districts, as the main item on the special order calendar.
During questioning and debate on HB 1D, sponsors and opponents focused heavily on the map’s process and legality. Supporters argued the plan was based on a viable legal theory, used the 2020 census data as required, and was within the Legislature’s discretion to consider mid-cycle redistricting. Opponents repeatedly argued the map was drawn by the governor’s office using partisan data, without meaningful legislative or public input, and that it violated the Fair Districts Amendment by favoring a party, splitting more counties and municipalities, and reducing compactness. Several members also raised concerns about taxpayer costs, the absence of a new census or court order, and the Legislature’s role versus the governor’s office.
After structured debate, the House voted on final passage of HB 1D and passed it 83-28. A motion to recess for two hours to consider a recent U.S. Supreme Court decision failed. Following passage of the redistricting bill, the House adopted a motion to adjourn sine die, ending the session.
TX
Transcript Highlights:
- prohibition against the use of ... automated decision systems, including artificial intelligence-based algorithms
- So SB 815 does the following: it defines certain key terms including algorithm and artificial intelligence
- It clarifies that algorithms or automated systems may ... still be used for administrative support or
- ensure that decisions about medical necessity will necessarily remain in the hands of people, not algorithms
Bills:
HB345, HB721, HB2580, SB815, HB3057, HB4603, HB3233, SB495, HB3863, HB3914, HB4570, HB5099, HB5173, SB458
Keywords:
insurance, appraisal process, disputed losses, residential property, policyholder rights, insurer obligations, natural disasters, appraisal expenses, umpire selection, policyholder, insurer, umpire, claims management, health care, cost disclosure, benefit plan, administrators, traumatic brain injury, health benefit plans, insurance coverage
US
US Federal 2025-2026 Regular Session
Hearings to examine restoring Boeing's status as a great American manufacturer, focusing on safety first. Apr 2nd, 2025 at 09:00 am
Commerce, Science, and Transportation Committee
Transcript Highlights:
- a lot of that. information from our customers and look for trends, use artificial intelligence algorithms
- I know we're doing data analytics as well, using AI algorithms.
- our engineering organization in the company sits expertise in AI and we have our own internal AI algorithms
- , so we're not. using external algorithms and data.
Keywords:
Boeing, aviation safety, safety management system, military aviation, air traffic control, transparency, oversight, accountability
Summary:
The meeting primarily focused on significant safety concerns surrounding Boeing and its compliance with federal aviation standards. Lawmakers expressed frustration over the Army's failure to provide requested operational transparency regarding helicopter operations near Washington, D.C., amid recent incidents indicating a strained air traffic control situation. Several members called for reform in Boeing's oversight, emphasizing the need for a robust safety culture and mandatory safety management systems to prevent future disasters like the 737 MAX crashes. The discussions were passionate, with survivors and families impacted by past accidents present, highlighting the urgency and seriousness of the issues at hand.
TX
Texas 89th 2nd C.S.
Trade, Workforce & Economic Development Mar 19th, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- after taking short pauses on and liking videos related to body image and mental health issues, the algorithm
- You have some of the issues I've described where these algorithms hook these kids in and they take them
- hovered over a video slightly longer than you did other videos and then boom you're down this this algorithm
- Parents don't stand a chance against these AI machine learned algorithms that are grabbing a hold of
Bills:
HB 186
Keywords:
public funds, lobbying activities, political subdivisions, government expenditure, transparency, local government, political subdivision, county, city, municipality, special district, taxpayer-funded lobbying, lobbying restriction, registered lobbyist, government association, county association dues, Texas Legislature, injunctive relief, attorney's fees, Chapter 556
TX
Texas 89th Regular
Trade, Workforce & Economic Development Mar 19th, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- after taking short pauses on and liking videos related to body image, and mental health issues, the algorithm
- You have some of the issues I've described, where these algorithms hook these kids in. and then they
- video slightly longer than you... you did other videos, and then boom, you're down this out, this algorithm
- Parents don't stand a chance against these AI, machine-learned algorithms. that are grabbing a hold of
Keywords:
social media, children, account verification, data privacy, parental control, property owners' association, residential watering restrictions, vegetation, fine limitations, drought, technology, innovation, economic development, grants, Texas Economic Development, business funding, HB 1395, private passenger vehicle rental, car rental, vehicle rental
TX
Transcript Highlights:
- believe some crypto bros maybe I all I've heard is it's blockchain and it's a computer, it's an algorithm
- something, we're supposed to allow that algorithm... them that computer and a few dudes named Chuck,
- Are you familiar that in October they lost one and a half billion dollars went poof out of the algorithm
- So, yes, bad things happen. but it was not a fault of the algorithm.
Bills:
SJR34, SB10, SB18, SB19, SB21, SB72, SB140, SB262, SB370, SB480, SB495, SB627, SB703, SB767, SB790
Keywords:
parental rights, parents, children, custody, care and control, upbringing, family law, constitutional amendment, Texas Constitution, child welfare, education policy, medical decisions, parental authority, primary decision makers, family autonomy, education, Ten Commandments, public schools, religious display, First Amendment
MN
Transcript Highlights:
- true for students in our marginalized communities who are often facing additional stress like discrimination
- <00:02:31.599>
economic <00:02:32.080>hardship like discrimination economic hardship - like discrimination economic hardship and<00:02:32.959>
social <00:02:33.560>exclusion - <00:13:13.600>
the <00:13:13.760>Minnesota <00:13:14.320>Department discrimination - the Minnesota Department discrimination the Minnesota Department of<00:13:14.839>
Education <00
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Nov 5th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- The board also recently approved and implemented a discipline algorithm and is moving forward on the
- We currently follow an algorithmic process in the form of a sequence of questions to evaluate complaint
- When I hear algorithms, it's kind of scary because they can have racism and sexism built into them.
- They said, "Well, let me see your algorithm." That's proprietary.
- I'm just throwing it out there that we need to be really careful of algorithms because they're kind of
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, June 9, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- fear<00:48:20.000>
of authentically without fear of authentically without fear of discrimination - . discrimination. discrimination.
- family's hope was that she would bring harmony into the world and overcome the challenges and discrimination
- <01:04:14.160>
they <01:04:14.400>were challenges and discrimination they were challenges - and discrimination they were facing<01:04:15.039>
at <01:04:15.280>the <01:04:15.520>
FL
Florida 2025 Regular Session
Children, Families, and Elder Affairs Mar 4th, 2025
Transcript Highlights:
- The algorithm typically is going to notify your trusted contacts.
- > So it depends if the and I'm so glad we have our banking friends here and it would help if the algorithm
- that most security dealers and banks, they have an algorithm and it's going to tag fraud.
AR
Transcript Highlights:
- So now what we're doing is we're going to be explaining, and we've come up with an algorithm to be able
- So now what we're doing is we're going to be explaining, and we've come up with an algorithm to be able
Summary:
The Personnel Committee met to consider several agency personnel requests. It approved the Arkansas State Police request to surrender three corporal positions and replace them with three lieutenant positions for the I-40 corridor, and approved Arkansas State University-Jonesboro’s request for three project program administrator pool positions to support the new College of Veterinary Medicine. The committee also approved the Department of Commerce Economic Development Commission’s request for an extra help position tied to Infrastructure Investment and Jobs Act work, described as a fiscal/budgeting and auditing role. One item was pulled from consideration.
The committee then reviewed a report item involving a reduction in force at the Department of Veterans Affairs that eliminated six positions. Veterans Affairs officials explained that the action was part of a broader restructuring, not simply a layoff, intended to realign the agency with its current mission, expand services for veterans earlier in their transition from service, and create a veteran employment specialist role to connect veterans with Arkansas employers. They said the restructuring was designed to fit within budget limits and would save money while expanding services.
Members asked detailed questions about the impact on veterans, county veteran service officers, severance pay, and retirement implications. Veterans Affairs officials said county veteran service officers are still in place and that the agency is working to improve training, supervision, and consistency across counties, including a report-card style evaluation for county judges. Staff also explained that severance is based on years of service and is not recouped if an employee later takes another state job, though immediate transfers do not receive severance. After discussion, no further action was taken and the committee adjourned.
AZ
Transcript Highlights:
- However, for an algorithm, when you're searching, unless you've programmed it to equal the same thing
- If there's no match, the image and the biometric, in a black box done by a third-party algorithm, are
- We have no access to the algorithm.
- human dispatch center in Alabama, where a facial analyst looks at it, confirms it to make sure the algorithm
Keywords:
critical infrastructure, foreign adversaries, China, communications, security, law enforcement, disciplinary action, administrative appeals, investigative files, due process, retaliation, county seal, law enforcement authority, sheriff's posse, public safety, county governance, ambulance services, certificate of necessity, emergency medical services, state regulations
Summary:
The Committee on Public Safety met, approved the March 11, 2026 minutes, and heard two presentations before moving to bills. The Arizona Department of Corrections, Rehabilitation and Reentry presented on its K-9 program, describing staffing, dog types, functions such as contraband interdiction, search and rescue, and offender apprehension, and noting aging vehicles and the need for replacement canines. Biometrica then presented a privacy-focused facial recognition/sensor system intended to help law enforcement identify missing persons and known offenders in real time without storing video or audio; members asked questions but took no action on the presentation.
The committee then considered HB 2134, which would create the Arizona Critical Infrastructure Protection Act to restrict Chinese-owned or Chinese-produced equipment and software in critical infrastructure and require reporting and oversight by the Corporation Commission. The sponsor said the bill was revised to be prospective and more workable; supporters framed it as a national security measure, while some members raised cost and implementation concerns. The bill passed 4-3. HB 2404, which shifts inter-facility transport of behavioral health patients away from peace officers and toward authorized transporters except in limited circumstances, drew support from a Phoenix police crisis intervention officer and the Arizona Police Association and passed 7-0.
HB 2402, dealing with ambulance certificates of necessity for small or underserved areas, was amended to require rather than allow certain certificates and to streamline reporting and application processes; the sponsor and firefighters said it would preserve access and modernize a decades-old system. It passed as amended 7-0. HB 2673, as amended, was reduced to creating a study committee on inmate mental health services after originally proposing broader jail and prison screening and treatment requirements; the sponsor and a victim’s family member described the bill as a response to failures in the mental health and jail systems. It passed 6-0 with one not voting. HB 2253, protecting employees from retaliation for testifying in law enforcement disciplinary appeals, passed 5-0 with two not voting, and HB 2270, expanding county control over use of county seals, logos, and sheriff’s posse names, passed 6-0 with one not voting.
Finally, HB 2941, which would make certain motorcycle lane-splitting or passing behavior reckless driving except as allowed by existing lane-filtering rules, drew support from the sponsor and motorcycle advocates who said it targets dangerous high-speed lane splitting, but one speaker warned the language could unintentionally criminalize safe filtering. The bill passed 5-1 with one not voting. The committee then adjourned.
TX
Transcript Highlights:
- at our screen constantly and just continue to scroll through and through as the feed, as the AI algorithm
- , which is so perfectly tuned to capture our attention... ...as the AI algorithm, which is so perfectly
- And that's really the insidious part of the AI algorithm that's running, because there literally is no
- than even the smartest kid that's looking at that screen and understanding what's happening to the algorithm
Keywords:
election laws, attorney general, prosecution, criminal offenses, voting integrity, education, property values, school districts, comptroller, funding formula
Summary:
The Senate Committee on Education K-16 met to hear testimony on a full agenda of education-related bills. Several measures were laid out and left pending, including HB 322 to allow JET Grant funds to be used for subscription-based and ongoing technology costs for career and technical education; HB 3062 to require fentanyl and drug-poisoning prevention instruction for entering college students; HB 121 to update school safety laws, including TEA peace officer commissions, annual renewal of certain safety exceptions, new reporting requirements, and special education behavior threat assessment changes; HB 3627 to let the State Board of Education chair employ staff; HB 5515 to curb inflated shipping and handling charges on instructional materials; HB 2674 to prohibit new state regulation of homeschool programs; HB 2310 to require a statewide strategic plan for early learning and inclusion for young children with disabilities; HB 367 to standardize documentation for excused absences due to serious illness; HB 1178 to speed certification for out-of-state educators and military spouses; and HB 1481 to expand cell phone restrictions to the full school day.
Testimony was generally supportive on most bills, with some concerns raised on HB 121 about school district police departments investigating misconduct and on HB 2674 about how it would interact with the new ESA program in SB 2. HB 5515 drew support from instructional materials coordinators who described extreme shipping invoices and argued the bill would restore transparency and fiscal responsibility. HB 2310 was supported by disability advocates and early learning groups, who said a coordinated state plan would improve access and inclusion for children with disabilities. HB 367 was presented as a simple clarification to reduce confusion for medically vulnerable students and families, and HB 1178 was described by TEA as a modest pathway that would help bring experienced out-of-state teachers into Texas schools more quickly.
HB 126, updating Texas’ NIL law to align with the pending House settlement and allow direct payments and pre-enrollment NIL agreements, received extensive testimony from university counsel and committee questioning about the settlement, recruiting, and future college athletics rules. HB 1481, expanding school cell phone restrictions from instructional time to the entire school day, drew strong support from parents, students, educators, and advocates who linked phones to distraction, cyberbullying, and mental health harms; one teacher asked for flexibility so phones could still be used for limited academic tasks. No bills were voted out; each measure heard was left pending subject to the call of the chair, and the committee then recessed to attend the floor session.
HI
Hawaii 2025 Regular Session
JHA Info Briefing - Tue Sept 16, 2025 @ 2:00 PM HST
Hawaii House Floor Meeting
Transcript Highlights:
- We work with agencies that are responsible for identifying eligible records to build algorithms, and
- long as the eligibility criteria are written in a straightforward way, you can code eligibility algorithms
- The initiating agency will need to develop an algorithm, a programmatic coded approach, to review data
- One example here is from Utah's eligibility identification algorithm.
- could be run on algorithm could be run on records<01:18:54.320>
that <01:18:54.480>were
Summary:
The House Committee on Judiciary and Hawaiian Affairs held an information briefing on expungement and record clearance, with Chair David Tarnis and Vice Chair Mahina Poo Poy emphasizing second chances and the legislature’s recent work on state-initiated relief. The chair reviewed prior measures, including Act 62 (2024), which created Hawaii’s first state-initiated expungement pilot for certain non-conviction cannabis-related arrests, Act 159 (2023), which required automatic sealing or removal of expunged records from the judiciary’s public database, and Act 241 (2024), which created the Clean Slate Task Force. He said the committee invited the Clean Slate Initiative and Code for America because of their national experience with state-initiated record clearance systems.
Phil Hickden of the Hawaii Criminal Justice Data Center and Attorney General’s office reported that Act 62 was implemented using existing resources and no new funding, initially covering single-charge, pre-2020 arrests in Hawaii County for possession of less than one ounce of marijuana and later expanded by Act 005 (2025) to all arrests under HRS 712-1249 regardless of drug type. He said the project identified 2,268 potentially eligible records, with 1,072 processed so far, 989 granted and 83 denied, and that the work has taken about 872 staff hours and roughly 45 days per expungement. He also said the office has identified about 412,000 people who could potentially qualify for expungement under broader legislation, though that estimate does not include case-by-case research.
Michelle Acasta of the judiciary explained that Act 159 changed the process so HCJDC now digitally transmits expungement certificates to the court, eliminating the applicant’s second step of filing paperwork with the court. She said the courts still manually review eligibility, but the process is easier because certificates now include a case ID and HCJDC provides additional information to help locate records. She reported that since implementation the courts received 125 certificates in July and 87 in August, with 17 court orders filed in July and August, including 81 in the First Circuit, 14 in Maui, 7 in the Third Circuit, and 15 in the Fifth Circuit. She also noted that the Hawaii Supreme Court’s State v. Rogan decision affects procedure by requiring a written request or motion, an opportunity to be heard, and written findings for sealing court records, and that new Supreme Court rules are expected for public comment. Members asked about qualitative outcomes and whether the process could be expanded statewide; staff said they do not track recidivism or personal stories, and the chair encouraged further discussion before the next session to identify barriers and capacity needs.
NM
Transcript Highlights:
- intelligence and quantum: one of the early use cases for quantum is going to be that it probably trains AI algorithms
- We have so many classical computing algorithms already available.
- And so, using artificial intelligence to make classical computing algorithms applicable to quantum computers
- The Kachi BT Algorithm took 64 gigawatts, so it's quite literally two or three million times more energy
- intensive to run one of these AI algorithms compared to a quantum computer.
NH
New Hampshire 2026 Regular Session
Commission to Study Stable Tokens (02/10/2026)
Transcript Highlights:
- , pure algorithm, operating an LLC if that is...
- Uh, algorithmic stable coins. Algorithmic stable coins.
- So they're constantly uh rebalancing... >> There have been some uh tales of woe in algorithmically backed
- uh tales of woe in algorithmically uh tales of woe in algorithmically backed<01:58:42.719>
stable - table completely as an about algorithms table completely as an option.<01:59:07.520>
It's <01:
Summary:
The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization.
Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network.
Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.