The report provides recommendations to help guide policymakers in developing a more closely coordinated response to the regulation of digital assets. Given the rapid pace at which digital asset innovation is developing and being applied, especially over the past year as the global pandemic has accelerated the trend toward digitization, the stakes are too high to fall behind. This report has a particular focus on financial services regulatory systems due to their significant impact on digital assets and related blockchain innovation, and outlines several recommendations for promoting innovation in the digital assets space.