China’s state-backed e-commerce platforms—like Temu, SHEIN, and AliExpress—are expanding rapidly in the U.S., leveraging subsidies, tax breaks, and government-supported infrastructure to gain market dominance. These platforms exploit gaps in U.S.…
Learn MorePresident Biden’s Executive Order 14247, issued on March 25, 2025, sets a clear path to phase out paper-based federal payments and move toward fully electronic transactions. Citing high costs, fraud…
Learn MoreCrypto-related crime evolved significantly in 2024, becoming more diverse and professionalized. While ransomware payments decreased due to improved law enforcement and victim resilience, scams like pig butchering surged—fueled by AI…
Learn MoreWeb3 is reimagining the internet by shifting control from large organizations to individual users, emphasizing decentralization, security, and data ownership. By leveraging blockchain technology, smart contracts, and digital tokens, Web3…
Learn MoreLearn more about the Federal Reserve Board’s current assessment of the stability of the U.S. financial system. By publishing this report, the Board intends to promote public understanding by increasing…
Learn MoreNon-fungible token (NFT) technology provides a mechanism to enable real assets (both virtual and physical) to be sold and exchanged on a blockchain. While NFTs are most often used for…
Learn MoreCrypto assets and other financial technologies, which have grown rapidly, offer potential benefits and pose risks. For example, crypto assets had a market value of around $1.2 trillion in October…
Learn MorePolicymakers, including some Members of Congress, are scrutinizing U.S. efforts to counter the role that cryptocurrency fundraising plays in the financing of terrorism. A key question for Congress is whether…
Learn MoreThis work provides a technical description of stablecoin technology to enable reader understanding of the variety of ways in which stablecoins are architected and implemented. This document also explores related…
Learn MoreNon-fungible tokens, or NFTs, offer unique policy challenges and are an increasingly popular technology that acts as a digital certificate of ownership. While the United States has taken some important…
Learn MoreGovWhitePapers published its latest trend report on the future of Blockchain in the government. This publication discusses how Blockchain is used, how it evolves on the dark web, its future…
Learn MoreCryptocurrencies (or crypto) are digital financial instruments exchanged and recorded on public ledgers (known as blockchains) that do not require central intermediaries (e.g., commercial banks, central banks) for clearing and…
Learn MoreThe involvement of a number of recently failed banks with the cryptocurrency industry seemed to be the manifestation of crypto market volatility affecting traditional finance. Failed banks’ exposure to crypto…
Learn More