---
type: entity
entity_type: company
name: "North American Securities Administrators Association (NASAA)"
domain: internet-finance
status: active
tracked_by: rio
created: 2026-03-11
---

# North American Securities Administrators Association (NASAA)

## Overview

NASAA is the association representing securities regulators from all 50 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and Canadian provinces and territories. The organization coordinates state-level securities regulation and has historically taken a more conservative stance on digital asset regulation than federal regulators.

## Timeline

- **2026-01-13** — Filed formal concerns regarding the Digital Asset Market Clarity Act, representing coordinated state-level opposition to federal preemption of digital asset oversight

## Relationship to KB

NASAA's opposition to the CLARITY Act represents a significant institutional friction force against [[internet finance generates 50 to 100 basis points of additional annual GDP growth by unlocking capital allocation to previously inaccessible assets and eliminating intermediation friction]]. The coordination between state securities regulators (NASAA) and state gaming commissions on federal preemption issues suggests a broader states' rights dynamic that could fragment regulatory clarity across jurisdictions.