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Long-form research on AI systems, crypto infra, and the coordination problems between them.
Briefs, protocol studies, and deeper theses organized by topic.
SAP treats authorization scope as the cryptographic object between agent identity and execution, letting an agent prove one permitted action under a current policy root without exposing its full permission set.
Stablecoins made execution programmable faster than compliance systems made authorization legible. Once a wallet operation assembles itself from prompts, tool calls, delegated keys, and sponsor logic, the institutional edge becomes an outer ring rather than the decisive gate. This piece maps where compliance moves when that happens, what the strongest minimum architecture looks like for programmable stablecoin flows, and what it still cannot solve.
