The Digital Assets Series: Part 2 | Digital Asset Classification

The 118th Congress is set on addressing the regulatory vacuum around digital assets. Its April 19 inaugural session on “payment stablecoins” was covered in part 1 of this series, which also explained what stablecoins are and their implications for the larger macroeconomic system. With the debt ceiling controversy behind us...

The Digital Assets Series: Part 1 | Stablecoins

"Digital" is often coupled with "transformation," and one area where its transformative powers are increasingly manifest is in finance and money. In this ongoing series, we will report on the US Congress's efforts to formulate digital assets policy. We use the term "digital assets" rather than digital money because it...

The Narrative: VLOPs and VLOSErs; .NET Renewal; Stablecoins

1 May, 2023 Who’s a VLOP and who’s a VLOSER? Alibaba, Amazon, LinkedIn, YouTube, TikTok, Twitter and Wikipedia are among the entities that have been designated "Very Large Online Platforms'' (VLOPs) by the European Commission. Google search and Bing have been designated Very Large Online Search Engines (VLOSErs). All will...

The Narrative: A Plurilateral export control regime; a cyber social contract is promised; India moves to crackdown on smartphone manufacturers

March 16, 2023 New Dutch semiconductor export controls, a global regime grows In a March 8 letter, the Dutch Ministry of Economic and Development Cooperation and Ministry of Foreign Affairs notified the elected Parliament of its plan to implement additional export control measures for advanced semiconductor manufacturing equipment, consistent with...

The Narrative: Shifting Search Landscape; Euro Digital Wallet; SEC Crypto Crackdown

February 16, 2023 The search landscape is shifting Search platforms are in fierce competition to integrate large language model-based generative AI in an effort to better understand users’ natural language queries, provide more informative search results, and differentiate in other regards (e.g., accuracy, privacy). Most attention has focused on Microsoft...

The Narrative: Google Antitrust Woes; TikTok & Project Texas; SWIFT for stablecoins?

February 2, 2023 DoJ’s pointless swing at Google adtech On Jan 24, the Justice Department, along with the Attorneys General of eight states, filed a civil antitrust suit against Google for monopolizing multiple digital advertising technology products, including its ad publisher, exchange, and advertiser network platforms. The complaint is the...

The Narrative: TikTok threat debunked; search disrupted; digital currency problematized

January 16, 2022 IGP paper on TikTok makes waves On January 9 IGP released a threat analysis of TikTok that debunked claims that the popular short video app is a national security threat. Until now, the “ban TikTok” debate has never been subjected to critical scrutiny, and no one has...