In brief Canton Network creator Digital Asset secured $355 million in its latest funding round led by Andreessen Horowitz. The round drew a diverse mix of global investors, including the Abu Dhabi Investment Authority. Canton operates as a “network of networks” designed to bring traditional assets such as bonds, equities, and commodities on-chain. Digital Asset secured $355 million in new funding from investors including an Abu Dhabi-based sovereign wealth fund, according to a Thursday announcement from the firm behind the Canton Network.The firm said that the Abu Dhabi Investment Authority, through a wholly owned subsidiary, was among participants in the…

When Sen. Mitch McConnell (R–Ky.) introduced the Hemp Farming Act of 2018, which legalized hemp nationwide, he claimed the legislation would allow states to “conduct their own oversight plans” and “give the hemp industry the tools” to “create jobs and new opportunities” across the nation. McConnell neglected to mention that those jobs and opportunities had to align with his narrow definition of acceptable hemp uses. Last November, McConnell codified his disapproval of the hemp industry’s success with an amendment to the government funding bill passed that month. The provision bans the sale of any “hemp-derived cannabinoid product” with more than…

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