Public blockchains are transparent by design, and that gives us better tools for fighting illicit finance. Thank you @MollyWoodman for bringing the DSA perspective to @CoinDesk's Policy and Regulation Conference! Looking forward to continuing this conversation in D.C.

Good morning from Washington D.C. The DSA team is on site for @CoinDesk's Policy and Regulation Summit. Looking forward to seeing Senior Policy Advisor @MollyWoodman on today's panel on the future of monitoring illicit finance on public blockchains. Thank you to Gold Sponsor @trondao.

Updated text of the Clarity Act has been released ahead of the Senate's September 15th vote on the motion to proceed. 🇺🇸 A statement from our Managing Director @AdrianWall8395:

Our Managing Director, @AdrianWall8395, recently published an op-ed examining what the August recess revealed about the crypto framework Congress is building. Key questions around stablecoin yield, ethics, and illicit finance remain unresolved. The upcoming Clarity Act vote will test whether Washington is ready to provide the regulatory certainty innovators and builders need. Read more at @TheNatlInterest👇

⚖️ The @SECGov just proposed letting transfer agents keep the official ownership record on a blockchain. Ownership records are the foundation that everything else in the securities markets sit on. Getting them onchain is the change the industry has been waiting for, and it is finally on the table.

The Senate votes on the Clarity Act September 15, and the myths are getting louder: that DeFi gets a free pass, and that law enforcement loses ground, among others. None of it survives contact with the bill text. We took the six biggest myths and put the facts next to them. Read our one-pager for more. ⬇️

⚖️ The memorandum of understanding announced between the @SECGov and the @FDA formalizes a channel of cooperation that has long existed informally and inconsistently. Clinical and regulatory developments have always been among the most powerful drivers of value, yet the agencies responsible for overseeing each side of that relationship have operated with limited structured visibility into one another's work. An arrangement of this kind should allow both to bring their respective expertise to bear on situations that neither can fully evaluate alone. At the DSA, we expect the practical effects to become visible in enforcement priorities and examination focus well before they appear in formal rulemaking.

Our Managing Director, @AdrianWall8395, sat down with the @BitcoinNews Podcast to talk through where the Clarity Act stands, what is holding it up, and why clear statutory rules are the unlock for institutional capital. It is a candid look at how policy uncertainty shapes who is willing to build and invest in digital assets today. Watch the full conversation below. 👇

💡Are tokenized assets actually being used less than we think? A new analysis from @CoinDesk argues that headline RWA utilization figures may be missing the bigger picture. Some assets are restricted by design, others are intentionally held, and others are already being used as collateral outside the smart contracts traditional DeFi metrics capture. The bigger challenge may not be demand. It may be settlement and liquidity.

When the world's principal monetary institution, @IMFNews, describes tokenization as reshaping finance, questions of governance and market structure move to the center of the policy agenda. 🌐 Three points stand out to us. 1) Cross-border payments remain slow, expensive, and inaccessible to a significant share of the world's population. That is a structural failure of existing rails, and it carries a measurable cost for households and small businesses that can least afford it. 2) The recognition that tokenized assets and programmable settlement are becoming part of the core plumbing of finance raises the standard for the quality of policy work in this space. 3) Trust, safeguards, and internationally coordinated oversight are the preconditions for payments innovation to operate at scale. Fragmented or reactive rulemaking will not produce a faster, cheaper, more inclusive system. Deliberate and coordinated rulemaking can. This is the work the Digital Sovereignty Alliance exists to support: ethical innovation, grounded in research, matched by policy that strengthens rather than surrenders digital sovereignty.

We're excited to see Adrian Wall representing the DSA at the @DigitalChamber's Convergence Forum in NYC on September 14. He’ll be moderating “The Infrastructure Layer” panel, bringing together leaders to discuss the infrastructure shaping the future of digital finance. Looking forward to a great conversation. See you in New York!

Last week, the DSA completed its inaugural Digital Asset Case Study Course at @SAES. Developed in collaboration with Professor Charles CY Wang, from @HarvardHBS, and Giveback Backpack, the four-session program introduced high school students to real-world questions at the intersection of technology, markets, governance, and public policy. The program concluded on Saturday, August 22, with a case study class on @AxieInfinity and @SkyMavisHQ. Read more on the @CPOfficialtx 👇

Our Managing Director @AdrianWall8395 joined @TheBlockCo to discuss how the latest version of the Clarity Act has evolved. From ethics and conflicts of interest to developer protections, consumer safeguards, and regulatory authority, the legislation has come a long way in just the last few months. Watch below for Adrian's breakdown. 👇

Last week, the @CFTC convened the first meeting of its Innovation Advisory Committee. 43 members drawn from exchanges, protocols, clearinghouses, asset managers, and academia, seated at the same table. Three sessions set the scope: crypto's regulatory evolution, artificial intelligence across trading and surveillance, and prediction markets. Each is a question the Commission has been answering for years. This was a milestone for US digital asset policy. Innovation now has a standing seat at the CFTC, and this agenda suggests the Commission intends to use it. 🇺🇸

Global Watch 🇬🇧 The UK government is giving the @bankofengland a formal objective to support innovation in payments and digital settlement assets. Innovation now sits alongside financial stability in the central bank's remit, and that precedent will travel to other jurisdictions. Regulators in the US, EU and Asia now face the same question on their own timelines. More at @CoinDesk👇

Our Managing Director, @AdrianWall8395, joined @TheBlockCo for a conversation on the CLARITY Act and the path forward for digital asset market structure. The discussion covered the legislation’s progress to date and what could be ahead when Congress returns in September. Watch the full conversation below. 👇

Banks Onchain 🏦 @jpmorgan is evaluating its own stablecoin. @BankofAmerica and @WellsFargo are advancing a cross-border venture. These developments mark a shift in onchain settlements becoming an institutional roadmap. Each new issuer expands the addressable market for programmable money and validates the infrastructure the industry has spent years building. As issuance broadens, interoperable and self-sovereign rails become more valuable. Digital sovereignty is the foundation that allows an increasingly multi-issuer system to serve everyone who depends on it. More on @WSJ 👇

Policy Watch 🇺🇸 On August 18, the @SECGov proposed Regulation Crypto Assets, its first rulemaking written specifically for digital assets. Today's custody proposal addresses the corresponding question on the adviser side: what constitutes adequate safeguarding of client digital assets under the Advisers Act? The existing custody framework predates the asset class, and the resulting uncertainty around qualified custodian status has constrained registered advisers irrespective of client demand. Together, a defined offering regime and a modernized custody standard would give digital assets the same regulatory foundation every other asset class already operates on. The proposal text has not been published; its substance remains to be assessed. More at @CoinDesk 👇

Digital payments are becoming the default way value moves, and the pace of that shift is outrunning most legacy infrastructure. 🌐 Onchain settlement removes the intermediaries and delays that made cross border transfers slow and costly for decades. Networks that stay available, costs that stay predictable, and access that does not depend on geography. That is what the next generation of financial activity will be built on. Good to see @trondao continuing to push this forward.

Banks Onchain 🏦 @mufgcr_official is preparing a proof-of-concept to test real time, onchain settlement of Japanese government bond transactions using the Canton Network. The initiative aims to cut JGB settlement times from 1-3 days and improve capital and operational efficiency. The move reflects growing interest among major financial institutions in using blockchain to modernize traditional market infrastructure. Read more @CoinDesk 👇