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Thorn Run Partners’ Chris Hayes Launches Coalition for Tokenized Markets

New transatlantic coalition brings together leading financial institutions to help shape the future of tokenized capital markets.

Thorn Run Partners is proud to announce the launch of the Coalition for Tokenized Markets (CTM), a new industry-led coalition founded and led by TRP Partner Chris Hayes.

As Executive Director of CTM, Chris has brought together an impressive group of founding members—including Franklin Templeton, Janus Henderson, J.P. Morgan Asset Management, and WisdomTree—to advance practical policy solutions supporting the responsible growth of tokenized financial markets.

The coalition was created at a pivotal moment for financial services. As traditional financial assets increasingly move onto distributed ledger technology, policymakers in the United States and Europe are grappling with how existing regulatory frameworks should evolve to accommodate new market structures and technologies.

CTM will serve as a forum for collaboration among leaders across traditional finance, digital assets, and market infrastructure, with a focus on regulatory modernization, cross-border policy coordination, and institutional adoption of tokenized securities, funds, and collateral.

“Tokenization is moving from concept to market reality, and the rules being shaped today will determine how these markets develop,” said Chris Hayes. “CTM was created to bring leading firms together around practical policy solutions in the U.S. and Europe that enable tokenized securities, funds, and collateral to scale safely, compliantly, and globally.”

Chris brings more than 15 years of experience at the intersection of financial services, emerging technology, and public policy. Throughout his career, he has advised clients on complex legislative and regulatory challenges, helping organizations navigate rapidly evolving policy environments in the United States and abroad.

The launch of CTM reflects both the growing importance of tokenization within global capital markets and Thorn Run Partners’ longstanding expertise in coalition management, financial services policy, and strategic advocacy.

The coalition’s initial work is expected to focus on issues including modernizing AML/KYC frameworks, supporting compliant secondary markets, reducing barriers to cross-border investment activity, and promoting regulatory clarity for tokenized financial products.

We congratulate Chris on this exciting milestone and look forward to supporting the coalition’s continued growth and impact.

To learn more about the Coalition for Tokenized Markets, visit coalitionfortokenizedmarkets.org.

About Thorn Run Partners

Founded in January 2010 by veteran lobbyists Andrew Rosenberg and Chris Lamond, who previously served as staffers to Senators Edward M. Kennedy (D-MA) and Fred Thompson (R-TN), respectively, Thorn Run Partners is a full-service government relations, policy, and strategic communications firm with offices in Washington, DC, Portland, OR, and Los Angeles, CA. It has been recognized as a Top 10 lobbying firm by respected publications including Politico, The Hill, and Bloomberg that ranks among the nation’s most creative and effective government relations companies.

 

Chris Hayes on the CLARITY Act: Where Digital Asset Policy Stands Today

Chris Hayes, Partner at Thorn Run Partners, joined the Paul Barron Show to discuss the current state of digital asset regulation in Washington and the evolving outlook for the CLARITY Act.

In this conversation, Chris provides an inside perspective on ongoing negotiations, the role of key industry and political stakeholders, and the challenges shaping the path forward for stablecoins, DeFi, and broader market structure.

Watch the full discussion below.

Banks Crash CLARITY!!!🚨Coinbase EXITS Support🔥

Why This Matters

The CLARITY Act represents one of the most significant efforts to establish a federal framework for digital assets in the United States.

As discussed in the interview, several factors are converging:

  • A narrowing timeline: The current political environment may represent the best opportunity to pass a bill in the near term
  • Competing priorities: Policymakers are balancing innovation with concerns around financial stability, anti-money laundering, and national security
  • Industry alignment: The ability of key stakeholders to support a compromise could determine whether legislation advances
  • Long-term implications: Delays or failure to pass a bill could result in a more restrictive regulatory environment in the future

For organizations operating in or adjacent to digital assets, these developments are not theoretical—they directly impact strategy, risk, and market opportunity.

Thorn Run Partners works with organizations navigating complex federal policy and regulatory environments, including digital assets and financial services.

If your organization is assessing the impact of emerging legislation or engaging in policy strategy, our team can help.

👉 Contact us to start a conversation
👉 Explore our Financial Services practice

In CQ Roll Call, TRP’s Rosenstock Forecasts Congress’s Financial Services “To-Do List” in 2020

In an article for CQ Roll Call, TRP’s Jason Rosenstock offered his insights on Congress’s Financial Services “to-do” list for 2020. While speculation indicates that Senate Majority Leader Mitch McConnell (R-KY) will spend more time on presidential nominations in 2020, Rosenstock pointed to cannabis banking legislation, anti-money laundering laws, and flood insurance reform as top priority policy items that could hitch a ride on a larger financial services-related package or must-pass measure before the end of this year. “Clearly there is a broad interest in getting some type of relief for banks and payment processors,” said Rosenstock. “But whether there is enough support for a narrow, financial services industry-only fix will play itself out over the next year.”

Continue reading “In CQ Roll Call, TRP’s Rosenstock Forecasts Congress’s Financial Services “To-Do List” in 2020”

This Week on the Hill: Senate Impeachment Trial Looms After Pelosi Breaks Impasse

Lawmakers will resume legislative business later this afternoon as the Senate gears up for the next phase of the impeachment process. In a “Dear Colleague” letter to lawmakers late last week, Speaker Nancy Pelosi (D-CA) announced that the House will take up a resolution to appoint managers and transmit the articles of impeachment against President Donald Trump to the Senate. Senators are expected to swiftly begin the impeachment trial process upon disposition of the resolution.

Continue reading “This Week on the Hill: Senate Impeachment Trial Looms After Pelosi Breaks Impasse”

TRP Financial Services Report

Once again Democrats were smirking as Republicans appeared to wage civil war, this time over the decision to renew the charter for the Export-Import Bank. All Art Vandelay jokes aside, the debate over the Ex-Im bank once again has shown the schism in the Republican party, and how there are really three parties in Congress – Republican, Democratic, and Tea Party. While it looks like both sides may be able to claim victory in this instance by kicking the can down the road for a few years, it is worth noting that we continue to witness similar battles and results on other issues. As a result, more and more items are being added to the lame duck agenda, and it is shaping up to be a very busy November and December in our nation’s Capital – the only question is will there be enough runway to get all things done.

Continue reading “TRP Financial Services Report”

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