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- Source: inbox/archive/2026-01-13-nasaa-clarity-act-concerns.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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1.7 KiB
Markdown
26 lines
No EOL
1.7 KiB
Markdown
---
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type: entity
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entity_type: organization
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name: "North American Securities Administrators Association (NASAA)"
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domain: internet-finance
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status: active
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tracked_by: rio
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created: 2026-03-11
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jurisdiction: "50 US states, DC, Puerto Rico, US Virgin Islands, Canadian provinces"
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focus: "State-level securities regulation and investor protection"
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---
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# North American Securities Administrators Association (NASAA)
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NASAA is the coordinating body for state and provincial securities regulators across North America. It represents the institutional voice of state-level securities oversight and has historically taken more conservative positions on digital asset regulation than federal agencies like the SEC.
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## Timeline
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- **2026-01-13** — Filed formal concerns regarding the Digital Asset Market CLARITY Act, opposing federal preemption of state digital asset oversight authority
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## Relationship to KB
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NASAA represents coordinated state-level resistance to federal digital asset regulatory frameworks. Its opposition to the CLARITY Act aligns with the 36-state amicus coalition in prediction market cases, suggesting a broader institutional "states' rights" dynamic in internet finance regulation that creates friction against federal preemption attempts.
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Relevant to:
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- [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] — state regulators may reject this separation argument
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- [[Internet finance is an industry transition from traditional finance where the attractor state replaces intermediaries with programmable coordination and market-tested governance]] — state opposition represents institutional friction force |