Chia Network had a meeting with the Crypto Task Force (and other updates)

[morebytes]

On February 25th, 2025 Chia Network (XCH) had a meeting with the United States Crypto Task Force (here is a link to the Crypto Task Force meeting log showing Chia Network and screen shot of the specific date below)

When visiting the website above and clicking on the Chia Network link, it will take you to the meeting agenda notes and what they planned to discuss with the Crypto Task Force. (here is a link to the Crypto Task Force meeting agenda notes for Chia Network and screen shot of the intro page below)

In the meeting from Chia Network and Permuto Capital were Gene Hoffman, Trent Martensen, and Thomas Chow.

I believe this meeting was important for several reasons, the first obvious one is having a seat at the table when it comes to providing opinions on what direction crypto legislation should take in the United States, but also as Permuto Capital is creating a new financial product that hopes to trade on traditional stock markets as well as the Chia blockchain.

This ties into other recent events such as a meeting with Bo Hines (Executive Director- Presidential Council of Advisers for Digital Assets) and The Digital Chamber (the world’s leading blockchain trade association). (here is an X link to Chia meeting with The Digital Chamber and Gene Hoffman standing next to Bo Hines in the group photo below)

Circling back to Permuto Capital, they too have been active with additional filings with the United States Securities and Exchange Commission (SEC). One filing was an update to the original product of Microsoft (MSFT) stock, as well as two additional filings for Apple (AAPL) and Broadcom (AVGO). (here is a link to the Permuto Capital SEC filings and screen shot of the page below)

Within the amended S-1/A for MSFT Trust I it names U.S. Bank and Fidelity as having roles in the process as a custodian and transfer agent for the new products. I think it says something when large established companies are willing to participate (where many other blockchains have struggled) because Chia Network has made compliance a primary goal.

So what do you think about all this news?

[morebytes]

@jmac

This was a side event not the main event.

The main event would be the numerous filings with the SEC for the Asset Certificates & Dividend Certificates (AC/DC) by Permuto Capital and Chia Network being approved for launch on the traditional stock markets and blockchain…

@jmac

Chia has no organic demand for blockspace.

…which would utilize blockspace for peer-to-peer trades as well as dividend payouts among other things.

Take a moment to read the amended S-1/A for PERMUTO CAPITAL MSFT TRUST I and you will see it now mentions U.S. Bank and Fidelity are playing a role in this adventure as well.

[musmo]

But there’s no mandatory requirement to have those financial products to be on the XCH blockchain. What are the chances that Permuto’s customers would sign off to have it on the blockchain?

[hoffmang]

The returns for an investor in the Dividend Certificate will be significantly higher on chain versus on traditional infrastructure.

[morebytes]

@morebytes

Within the amended S-1/A for MSFT Trust I it names U.S. Bank and Fidelity as having roles in the process as a custodian and transfer agent for the new products. I think it says something when large established companies are willing to participate (where many other blockchains have struggled) because Chia Network has made compliance a primary goal.

Permuto Capital has again updated their SEC filings to include two more companies playing a role in this new financial product landing on the Chia (XCH) blockchain and traditional stock markets, those companies are the New York Stock Exchange (NYSE) and PricewaterhouseCoopers (PwC).

You can check the SEC website and review the amended filings by following this link which will search for Permuto Capital.

Its getting spicy!

P.S. Here is a link to the Business Wire press release about the additions quoted below.

The amended registration statements include the designation of PricewaterhouseCoopers (PwC) to serve as auditor of each Trust and plans to apply to list Asset Certificates and Dividend Certificates for trading on the NYSE American stock exchange, in addition to the prior appointments of US Bank as custodian and Fidelity Stock Transfer Services as transfer agent.