Transcript Highlights:

• That's really what we crypto wallets.
• uninitiated in the in the crypto space. uninitiated in the in the crypto space.
• love crypto news because it's flashy. love crypto news because it's flashy.
• again we're an example of a crypto again we're an example of a crypto treasury<00:33:21.039>
• Pennsylvania start with just just crypto Pennsylvania start with just just crypto payments<00:59

Keywords: 1189, house, all

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.

Transcript Highlights:

• <01:02:07.280> kiosks is a bill that prohibits crypto kiosks is a bill that prohibits crypto
• people wish to purchase or sell crypto people wish to purchase or sell crypto currency currency
• <01:05:47.400> Um of these crypto kiosks. Um of these crypto kiosks.
• <01:07:03.080> kiosks, uh the crypto kiosks, uh the crypto kiosks, um<01:07:05.000> one
• I'm hesitant with these crypto kiosks.

Keywords: 919, house, all

Summary: The House first took up House File 1794, which would remove the post-graduate collaborative practice requirement for advanced practice registered nurses. The author and several supporters argued the bill would reduce barriers to practice, improve access to primary care and mental health services, especially in rural areas, and align Minnesota with other states. Supporters cited backing from APRN organizations and said the Board of Nursing had no concerns, while opponents, led by Representative Liebling, argued the current one-year collaborative period is a patient-safety safeguard that gives new APRNs needed experience working with physicians before practicing independently. After debate and questions about how the current requirement works in practice, the House passed the bill 119-12. The House then considered House File 4595, which changes licensure reciprocity rules for marriage and family therapists. Representative Schumacher said the bill would expand access to mental health care at no cost by making it easier for qualified out-of-state therapists to obtain Minnesota licenses, eliminating a five-year waiting period and other barriers while maintaining standards through background checks and a jurisprudence exam. Supporters, including Representatives Bierman and Gilman, emphasized workforce shortages and the value of more therapy access for families and relationships. The Board of Marriage and Family Therapy was noted as neutral, and the bill passed unanimously, 133-0. Finally, the House began debate on House File 4493, which would authorize pharmacists to initiate, prescribe, administer, and dispense certain drugs for opioid use disorder, including buprenorphine/Suboxone. Representative Baker said the bill would save lives by allowing people to access treatment immediately through local pharmacies, especially in greater Minnesota, and help them through withdrawal when they are most likely to seek help. The transcript cuts off during the opening of discussion on this bill, before any vote or final action is shown.

Transcript Highlights:

• better aligning existing money transmission licenses with digital assets, and specifying certain crypto
• better aligning existing money transmission licenses with digital assets, and specifying certain crypto
• I'm just looking at my crypto, and it looks like the value has plummeted completely, so is there any
• <00:13:20.639> Market now if I could control the crypto Market now if I could control the
• crypto Market I<00:13:21.399> would<00:13:21.600> be<00:13:21.800> a<00:13:22.000

Keywords: Meeting Start: 00:00 Roll Call: 00:30 HB421 Discussion: 01:28 HB421 Vote: 02:19 HB184 Discussion: 03:20 HB184 Vote: 05:44 HB210 Discussion: 07:28 HB210 Vote: 08:14 HB415 Discussion: 09:05 HB415 Vote: 09:43 HB701 Discussion: 11:16 HB701 Vote: 13:42, 958, all

Summary: The committee met with a quorum and moved quickly through several House bills related to health insurance, insurance regulation, dental benefits, and digital assets. Members repeatedly noted the need to keep testimony brief because of overlapping committee schedules and the late-session pace. The chair also reminded House members to coordinate floor sponsors since consent calendars were not being used this year. House Bill 421, presented by Rep. Amy Neighbors with support from Dr. Russell Williams, would require full coverage of FDA-approved bowel preps with no out-of-pocket cost and no prior authorization barriers. House Bill 814, presented by Rep. Mike Klein and explained by Sen. Girdler, would extend the insurance regulatory sandbox through December 2030; supporters said the committee substitute was a vetted NAIC model already adopted in 28 states. House Bill 210, presented by Rep. Pollock with Dr. Steve Robertson of the Kentucky Dental Association, would clarify assignment-of-benefit provisions so dentists are paid directly and with more transparency. House Bill 415, also by Rep. Pollock, would clarify that health insurance coverage mandates apply only to primary major medical policies. House Bill 701, presented by Rep. Adam Bowling with Ash Gun of Coinbase, would establish clearer rules for blockchain and digital assets, affirm Kentuckians’ right to hold and transact digital assets, align money transmission licensing with digital assets, and specify that certain crypto activities are not securities. Members discussed the bill in general terms, including a light exchange about crypto market volatility, but no substantive opposition was raised. Each bill received a favorable expression by roll call, and the committee adopted the committee substitute and title amendment on HB 814. The meeting ended with a motion to adjourn, and the chair said another meeting later in the week was possible.

Transcript Highlights:

• there, and somebody who might be worth $300 billion decides to throw $10 billion into the state's crypto
• fund and they happen to own a crypto operation, They're like creating the market for themselves.
• state crypto fund.
• recognition being by by sovereign entities now, not just by individuals participating in, in the crypto
• Do we need this bill, this strategic crypto reserve, in order for you to run a diversified portfolio

Bills: SB 21, SB 72, SB 140, SB 262, SB 370, SB 372, SB 495, SB 627, SB 703, SB 764, SB 842

Keywords: cryptocurrency, bitcoin, investment reserve, economic resilience, financial security, vehicle rental, damage waiver, consumer rights, business regulations, refund policy, telephone solicitation, telemarketing, text message marketing, SMS marketing, robotext, spam text, consumer protection, deceptive trade practices, DTPA, Business & Commerce Code

Bills: HCR66, HB387, HB617, HB797, HB950, HB975, HB1186, HB1222, HB1223, HB1228, HB1256

Keywords: economic development, rural communities, infrastructure, workforce training, Louisiana Economic Development, engineering, land surveying, construction, state fire marshal, plan review, hidden fees, junk fees, drip pricing, price transparency, mandatory fees, surcharges, consumer protection, unfair trade practices, advertising disclosures, total price

Summary: The Senate Commerce Committee met on April 20, approved the prior meeting minutes, and then heard a series of bills and resolutions. It first advanced H. CR 66, which directs Louisiana Economic Development, working with the Governor’s Office of Rural Development, to study rural parish economic assets, infrastructure, workforce, and development opportunities. The committee also moved HB 387, a clarification allowing the fire marshal to review architectural and engineering plans equally, and HB 1223, which seeks to promote clinical trials in Louisiana by having LED market the state’s research capacity and by adjusting internal review board procedures. HB 1228, a cleanup bill for hearing aid dealers that updates definitions, contracts, testing periods, licensing, and related requirements, was also reported favorably, as was HB 950, which would create an elderly consumer perception program through the Office of Elderly Affairs to help seniors recognize scams and fraud. The committee spent the most time on HB 617, a broad “hidden fees” consumer transparency bill. The author and supporters said it would require mandatory fees to be included in upfront pricing so consumers can make informed choices, while opponents from grocery, restaurant, hotel, housing, retail, and business groups argued the bill was vague, overly broad, and likely to create compliance burdens and litigation risk. Housing advocates objected to the bill’s housing exemption, warning it could weaken renters’ ability to bring claims over undisclosed fees. After extensive debate over variable pricing, sales taxes, enforcement, and the scope of the bill, Senator Morris moved to defer HB 617, and the committee agreed without objection. The committee also heard HB 797, which would create a “Bayou Gold” certification program for certain gold vendors and transactional gold products. The sponsor said the program would encourage vendors to keep gold insured, segregated, and closer to Louisiana consumers, with the Treasury administering the certification through participant fees. Several senators and an outside witness raised concerns that the state seal could be mistaken for an endorsement, could create liability or consumer confusion, and would favor a narrow set of vendors. Despite opposition, the committee reported HB 797 favorably, with members noting it still had to go to Finance. Later, the committee advanced HB 1186, which would create a more uniform statewide building code and licensing system for inspectors, add disciplinary authority, and impose a small permit fee to support the program, and HB 1222, which would let LED develop a grocery initiative to address food deserts and food insecurity. The meeting concluded with the committee hearing HB 1256 on abandoned digital assets, which would require dormant digital assets to be held in original form for three years so owners can reclaim them.

Transcript Highlights:

• these kiosks and convert it to crypto. these kiosks and convert it to crypto.
• crypto ATM companies in the show state. crypto ATM companies in the show state.
• They're very comfortable with crypto.
• They're very comfortable with crypto.
• They're very comfortable with crypto.

Bills: HB0075, HB0128

Keywords: virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• >> The >> crypto market that we have a cryptocurrency?
• >> crypto market that we have a cryptocurrency?
• >> Well, I think crypto currency is very intriguing. I don't own any myself.
• This is like, oh, this is like gold crypto and it is sort of.
• And then on top of that, we would still continue to have a crypto market. >> While the crypto market

Keywords: 999, senate, all

Transcript Highlights:

• And somebody who might be worth $300 billion decides to throw $10 billion into the state's crypto fund
• , and they happen to own a crypto operation.
• Than a state crypto fund. Yeah, I don't call it altruistic.
• Do we need this bill, this strategic crypto reserve, in order for you to run a diversified portfolio
• get your impression—how you felt if you had two members of your investment advisory board and two crypto

Bills: SB 21, SB21, SB72, SB140, SB262, SB370, SB372, SB495, SB627, SB703, SB764, SB842

Keywords: emergency alerts, weather alerts, public safety, local government, municipality, county, website posting, online notice, emergency management, disaster preparedness, evacuation, National Weather Service, NOAA, Texas Division of Emergency Management, TDEM, localized alerts, hazard warnings, severe weather, watch warning advisory, public information

Transcript Highlights:

• You know, why are we picking one of the 11 cryptos that are available as a winner?
• Why not pick XRP or Ethereum or USDT or any of the other 11 cryptos that are available?
• So why not just change it to crypto investment instead of a name-brand Bitcoin?
• If you had $300 billion in assets, would you put $30 billion of it in crypto? You recognized.
• One of those portfolios is a crypto portfolio, and it serves a purpose. It's not for everyone.

Summary: The Insurance and Banking Committee met with a quorum and heard three bills. HB 487 would authorize the CFO and State Board of Administration to invest up to 10% of certain state funds in Bitcoin, require specified custody methods, allow Bitcoin lending under rule, and create a process for accepting taxes and fees in Bitcoin. The sponsor and several proponents argued it would diversify state investments, hedge inflation, and position Florida as a leader in digital assets. Members raised concerns about volatility, security, valuation, and whether Bitcoin was being singled out over other cryptocurrencies, but the bill was reported favorably after debate and a roll call vote. The committee then considered HB 7011, an Open Government Sunset Review measure for records of insolvent insurers. The bill would continue some exemptions but make additional records public, including underwriting files, risk-solvency assessments, corporate governance annual disclosures, and the names, benefits, and compensation of insurance executive officers. There was no public testimony, and members discussed privacy and safety concerns, but the bill passed and was reported favorably. Finally, the committee heard HB 1433 on hurricane mitigation grants and insurer regulation. The bill would tighten restrictions on former executives of failed insurers, raise capital requirements for new insurers, and require mitigation credits when homeowners receive Safe Florida Home funds. An amendment was adopted to require a licensed person to make final claim-denial decisions when AI or automation is used and to prioritize filings that lower rates. Consumer advocates supported the transparency and consumer protections, while industry representatives urged caution on the AI provisions. After debate, the amended bill was reported favorably. The meeting ended with closing remarks from the ranking member, vice chair, and chair reflecting on the committee’s work and likely final meeting of the term.

Transcript Highlights:

• So yes, it's scams, just a regular scam, but using crypto because it's harder to trace.
• But then you do have the more where they're stealing crypto that's in people's wallet.
• It's more of these social engineering scams and getting people to pay in crypto. All right.
• It's very difficult to do crypto tracing. It takes expertise.
• You're not talking about crypto. You're talking about in general. In general, yeah.

Keywords: 985, all

Transcript Highlights:

• , Crypto assets remain vulnerable to exploitation, including by public officials who could use their
• , Law enforcement or the courts seize crypto or other digital assets, or if an owner dies intestate,
• The potential for widespread use of crypto is significant, yet California has fallen behind in adapting
• I think crypto is what stymies a lot of people. It's my own personal opinion. I appreciate.
• I think crypto is what stymies a lot of people. It's my own personal opinion.

Summary: The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote. A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote. The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment. The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.

Transcript Highlights:

• . >> And then second, on the abandoned crypto accounts, how would you know if a crypto account had been
• is such that typically a crypto owner has a user ID and a password that maybe nobody else ever knows
• on on the the uh abandoned crypto on on the the uh abandoned crypto accounts, accounts, accounts
• <00:36:16.840> account how would you know if a crypto account how would you know if a crypto
• a crypto owner has a a user<00:36:39.840> ID<00:36:40.120> and<00:36:40.280> a<

Keywords: 918, senate, all

Summary: The committee met to walk through nonpartisan side-by-side comparisons of House File 4188, focusing on differences between House and Senate language across consumer protection, insurance, financial services, health, and technical provisions. Staff highlighted numerous Senate-only items, including rules for financial providers communicating through trusted contacts, virtual currency requirements for banks and credit unions, a prohibition on virtual currency kiosks beginning in 2026, mortgage servicing and student loan servicing changes, the Rental Home Marketplace Guarantees Act, insurance and travel-related provisions, scrap metal licensing changes, protections related to minors accessing chatbots and AI companions, and several technical or conforming repealers. Staff also noted that some provisions were identical or substantially similar between the chambers, including mortgage originator standards, student loan borrower protections, securities-related changes, unclaimed property provisions, and technical updates in the bill’s miscellaneous articles. The Senate-only health-related articles were also summarized, including repeal of the prescription drug affordability advisory council, technical changes to the reinsurance program, and a series of health insurance provisions on enrollment-growth notices, limits on officer and director salary increases under certain capital conditions, guaranteed issue rights for certain Medicare supplement enrollees, data-sharing between Commerce and Health, restrictions on using artificial intelligence alone to deny claims, reimbursement for clinical trainees, home care nursing coverage, and PBM transparency. The Senate’s telecommunications article was described as largely technical and conforming, with repeals of obsolete statutes. Staff also noted that some standalone bills had already passed and would be removed from the comparison report. Public testimony followed. Thomas Elness of AARP Minnesota supported inclusion of the cryptocurrency kiosk bill, expressed support for guaranteed issue protections for a narrow group of consumers affected by discontinued plans, and urged adoption of changes to the consumer protection restitution account, including raising the cap to $10 million per fiscal year. Representative Lee testified that the restitution account proposal should be treated as policy rather than finance because it has a zero fiscal note, and said the House would accept the Senate’s $10 million cap. Robin Rowan, representing the Minnesota Insurance and Financial Services Council and the U.S. Travel Insurance Association, urged adoption of Senate travel insurance language, requested a House-style change to lead-generation recordkeeping language, and supported a Senate provision allowing employers and insurers to coordinate notice to employees when group policies are cancelled. The Department of Commerce then responded to questions, explaining that the prescription drug affordability council would be sunset because the board already has other avenues for public input, that the reinsurance changes were technical and did not alter the prior agreement, and that the abandoned cryptocurrency provisions rely on statutory definitions of inactivity and known examples such as keys stored in safes or deposit boxes.

Transcript Highlights:

• and the Bank of North Dakota into crypto, and I'm comfortable offering a crypto coin out there with
• It's incredibly complex with crypto.
• We are not a crypto. We're not building a crypto. We're not offering it for sale to the public.
• It's incredibly complex with crypto.
• We are not a crypto. We're not building a crypto. We're not offering it for sale to the public.

Keywords: 908, all

Summary: The committee received a compliance and status update on Industrial Commission programs and the Bank of North Dakota. Staff reviewed appropriations and spending for several Industrial Commission funds and grant programs, including lignite research, oil and gas research, clean sustainable energy, grid resiliency, salt cavern analysis, and the new NDSU research and technology park grant. Members discussed the timing of reimbursements, uncommitted balances, and the structure of the pipeline capacity and enhanced oil recovery funding. The Industrial Commission also reported on its administrative budget, grant management system project, and recent leadership transitions across several agencies. Karen Tyler of the Industrial Commission described active grant rounds and the status of major projects. She said the Clean Sustainable Energy Authority approved three projects in its sixth round, with remaining uncommitted cash and loan capacity still available, though no new funding was appropriated this session. She also said the Oil and Gas Research Council approved six enhanced oil recovery projects and expects additional funding after a federal Department of Energy award replaces one project’s state funding. For grid resiliency grants, she said some projects have been funded, some commitments were returned or reallocated, and some DOE funds remain pending. She also updated the committee on the salt cavern business case study, which replaced an earlier larger development proposal, and on the NDSU research park grant, where the nonmatching portion was paid and the matching portion has moved slowly because the match must be in cash. Ron Ness then gave an extended presentation on enhanced oil recovery and North Dakota oil and gas trends. He said production remains steady, but future growth depends on infrastructure, especially gas takeaway and projects like the Bakken East pipeline. He argued that enhanced oil recovery using CO2, natural gas, surfactants, and other methods could extend Bakken production for decades, but that the state needs more CO2 supply, better storage, and updated tax and regulatory incentives. Members asked about lateral lengths, CO2 availability, pipeline impacts, and the role of the Strategic Petroleum Reserve, and Ness emphasized that the projects are intended to share technical learning across operators and attract follow-on investment. The Bank of North Dakota then presented its compliance report and strategic update. President Don Morgan said the bank’s mission remains to support North Dakota agriculture, commerce, and industry while cooperating with the state’s financial sector. He reviewed the bank’s main business lines: participation lending with community institutions, student loans, disaster lending, mission-based programs, and a new fintech-focused effort. Morgan said deposits are flattening, so the bank is managing balance sheet growth carefully, while still reporting improved net income and strong efficiency. He also introduced Rough Rider Coin as a bank-to-bank payment rail, not a public cryptocurrency, intended to speed and modernize payments within North Dakota’s banking and credit union system. Committee members asked about student loan eligibility, disaster program use, and how credit lines and liquidity would be affected if deposits shrink.

Transcript Highlights:

• as a service coins as a service, crypto as a service and<01:01:01.119> token<01:01:01.520>
• USD is this way, where it's sort of a mix of crypto backing as well as fiat backing.
• USD is this way, where it's sort of a mix of crypto backing as well as fiat backing.
• <01:29:11.280> like supportive of like non non-crypto like supportive of like non non-crypto
• :13.679> banks<01:29:14.000> that native uh non-crypto native banks that native uh non-crypto

Keywords: 1189, house, all

Summary: The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations. The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities. A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.

Transcript Highlights:

• Can you buy a pizza with with crypto if the owner of the person?
• Not one said yes. if they own crypto. I won't name their names. Not one has told me yes.
• I don't know and you don't have to. to answer whether you own crypto. That's okay.
• Like all financial assets, there is volatility associated with Bitcoin. and other crypto assets.
• First and foremost, I think it's very important for people to realize that crypto in Texas is regulated

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

Transcript Highlights:

• create a crypto product. create a crypto product.
• need to move at the speed of the crypto need to move at the speed of the crypto market,<00:20:52.480
• crypto-enabled banks or using crypto crypto-enabled banks or using crypto directly,<01:10:06.720
• Make sure that state crypto in law.
• <01:55:49.480> so crypto so crypto so Yeah<01:55:50.760> I'm<01:55:50.880> in<01

Keywords: 1189, house, all

Summary: The meeting opened with roll call, confirmation of a quorum, and approval of the April 6 and May 4 minutes, with minor corrections noted to the May minutes. The main presentation came from JD of Link Network, introduced by Dan Cohen, who described Link’s work with crypto.com and other market participants on tokenized money market funds and real-time settlement for institutional clients. JD gave a detailed history of his earlier work developing the Arca U.S. Treasury Fund and ArCoin, emphasizing that the project was built within existing SEC and 1940 Act frameworks and was intended to use blockchain technology for a traditional asset rather than create a crypto product. He said the effort involved years of discussions with the SEC, multiple custodians, and partners such as U.S. Bank, T-Zero Securities, and Tassat, and that the model eventually led to Link’s settlement system. He highlighted concerns that shaped the design, including regulatory compliance, privacy for institutional users, and the need to bridge traditional banking hours with 24/7 digital asset markets. The presentation also described Link’s features, including segregated and bankruptcy-remote fund structures, tokenized deposit and treasury fund settlement, and “yield in transit,” which allows interest to accrue and be distributed daily down to a two-second block. JD said the platform is being expanded for use cases such as exchange liquidity, cross-border capital movement, off-exchange collateral, stablecoin bridging, treasury management, and peer-to-peer settlement. He closed by posing policy questions for the commission about the use cases for stablecoins versus tokenized money market funds in New Hampshire and whether the state could issue or administer a security-based program with appropriate compliance controls.

Transcript Highlights:

• One crypto mining transaction requires an enormous amount of electricity.
• Uh one crypto<02:07:58.719> mining crypto mining crypto mining transaction<02:08:00.800> requires
• <02:10:10.000> mining noise that happens from a crypto mining noise that happens from a crypto
• As we have heard, it has been said that crypto mines create many jobs, but this is not the case.
• As we have heard, it has been said that crypto mines create many jobs, but this is not the case.

Keywords: 1191, senate, all

Transcript Highlights:

• to one of if not the first crypto-based to one of if not the first crypto-based data<00:03:13.680
• Um, by adding this crypto every year.
• crypto operation. crypto operation.
• <00:18:14.480> um because of data centers or um crypto um because of data centers or um crypto
• <00:21:32.480> miner customer of the scale of a crypto miner customer of the scale of a crypto

Bills: HF3296, HF3802

Keywords: energy conservation, data centers, electric sales, energy optimization, utility regulations, energy regulation, certificate of need, renewable energy, power production, energy efficiency, Minnesota statutes, 1183, house

Transcript Highlights:

• This<00:39:50.520> crypto<00:39:50.840> thing. This crypto thing. This crypto thing.
• is calling in the banks and the crypto is calling in the banks and the crypto industry<00:39:58.960
• and not too onerous on the crypto and not too onerous on the crypto industry<00:40:48.640> as
• Rock, who are the most crypto-friendly Rock, who are the most crypto-friendly states<00:41:04.920
• Any person who's serious about crypto Any person who's serious about crypto and<00:46:40.360>

Keywords: 1189, house, all

Transcript Highlights:

• And then finally, on crypto kiosk... ...to possibly do that.
• And then finally, on crypto kiosk, we do not regulate crypto kiosks as they're known today.
• However, crypto kiosks present a very unique challenge.
• However, crypto kiosks present a very unique challenge.
• I bet you want to talk about crypto ATM. So what do you think?

Keywords: 1185, senate, all