➤ The HashCash Digital Asset Capital Markets Council (DACMC) aims to accelerate institutional adoption of digital capital markets and RWA tokenization. ➤ It focuses on developing practical frameworks, sharing intelligence, and promoting best practices across various asset classes like private credit, real estate, and commodities. ➤ The Council's initiatives include publishing an annual framework, a casebook of transaction blueprints, and hosting institutional roundtables to foster collaboration and responsible innovation.

➤ SEC Chair Paul Atkins indicated a potential shift towards formal rulemaking for onchain market structures, including trading systems, broker-dealer activities, and clearing functions. ➤ The SEC is examining how existing securities laws apply to blockchain-based financial infrastructure, particularly hybrid platforms combining traditional and decentralized finance elements. ➤ Crypto vaults and their intersection with securities and investment adviser frameworks are also a focus, with the SEC considering clarity on their structure and function.