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# Time and Location
Date: Wednesday, October 15, 2025
Time: 10:00 AM ET
Location: [1 Granite Place, Concord, NH 03301](https://maps.app.goo.gl/ZspxUiTeakA6npct7) Room 229
# Notes
[Meeting Minutes](#Minutes)
This meeting was streamed and recorded to [YouTube](https://www.youtube.com/watch?v=vk3FiagHtnA).
**Presentation Slide Decks:**
* [[GBBC NH Presentation - Stable Token Study Commission.pdf|Global Blockchain Business Council (GBBC)]]
* [[Wyoming's Digital Frontier - 2025.10.15 - New Hampshire.pdf|Wyoming Stable Token Commission]]
* [[[New Hampshire Study Commission] Plume Oct 15 2025.pdf|Plume Network]]
Some presentations were remote via Teams, but this meeting was held in-person.
In general, this meeting intended to cover RSA 383:26 I(a):
(a) The current landscape of stable token, tokenized RWA, and blockchain-based trust regulation within and outside New Hampshire.
For reference: [[What is a Blockchain One-Pager 2025 03 28.pdf]] (provided by [The Blockchain Association](https://theblockchainassociation.org/ "https://theblockchainassociation.org/"))
# Agenda
**I. Call to Order & Opening Remarks (10 minutes)**
- Welcome and introductions
- Approval of previous [meeting minutes](https://nh-token-commission.org/Meetings/2025-09-17+Organizational+Meeting "https://nh-token-commission.org/Meetings/2025-09-17+Organizational+Meeting")
- Open position of Clerk
- Overview of meeting agenda
**II. Global Stablecoin and RWA Landscape (25 minutes)**
- Speaker: [Diana Barrero Zalles](https://www.linkedin.com/in/dianabarrerozalles/), Head of GSMI And Research, [Global Blockchain Business Council (GBBC)](https://gbbc.io/ "https://gbbc.io/")
- Slide deck: [[GBBC NH Presentation - Stable Token Study Commission.pdf]]
- Discussion topics:
- Current state of stable tokens globally
- Real-world asset (RWA) tokenization trends and adoption worldwide
- Major regulatory developments in key jurisdictions (EU, UK, Singapore, Japan)
- Market size and growth projections
- Implications for U.S. states and competitive positioning
- Q&A (8 minutes included)
**III. Federal Legislation: GENIUS and CLARITY Acts (25 minutes)**
- ==Note: This presentation was postponed until the [[2025-11-12 Regular Meeting|November 12]] meeting.==
- Speaker: [Seth Oranburg](https://www.linkedin.com/in/sco603/), Professor, [University of New Hampshire Law](https://law.unh.edu "https://law.unh.edu")-
- Discussion topics:
- Detailed overview of GENIUS and CLARITY Acts
- State empowerment provisions and jurisdictional authority
- Opportunities for New Hampshire under proposed federal framework
- Regulatory clarity and compliance considerations
- Preemption issues and state flexibility
- Timeline and likelihood of passage
- Q&A (8 minutes included)
**IV. Wyoming's Stable Token Framework (25 minutes)**
- Speaker: [Anthony Apollo](https://www.linkedin.com/in/anthony-apollo/), Executive Director, [Wyoming Stable Token Commission](https://stabletoken.wyo.gov/)
- Slide deck: [[Wyoming's Digital Frontier - 2025.10.15 - New Hampshire.pdf]]
- Discussion topics:
- Wyoming's stable token regulatory approach and statutory framework
- Implementation experiences and lessons learned
- Challenges encountered and solutions developed
- Best practices for state-level digital asset regulation
- Economic development outcomes and business attraction
- Potential collaboration opportunities between states
- Q&A (8 minutes included)
**V. RWA Tokenization Platform Perspective (25 minutes)**
- Speakers: [Salman Banaei](https://www.linkedin.com/in/banaei/) and [Rich Minice](https://www.linkedin.com/in/rich-minice-b02a07aa/), [Plume Network](https://plume.org/)
- Slide deck: [[[New Hampshire Study Commission] Plume Oct 15 2025.pdf]]
- Discussion topics:
- Technical infrastructure for RWA tokenization
- Market opportunities and use cases (real estate, commodities, securities)
- Compliance and operational considerations
- Investor protection mechanisms
- Partnership opportunities for state initiatives
- Platform requirements and ecosystem development
- Q&A (8 minutes included)
**VI. Commission Discussion & Strategic Planning (10 minutes)**
- Commission member reflections and discussion
**VII. Public Comment Period (5 minutes)**
- Open floor for public input
**VIII. Action Items & Next Steps (5 minutes)**
- Schedule next meeting date
- Identify areas requiring further research
**IX. Adjournment**
# Minutes
![[2025-10-15_Minutes.pdf]]