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Category Archives: Financial System

CRS – How Treasury Issues Debt

How Treasury Issues Debt, Updated June 14, 2022 [21 pages]: “The U.S. Department of the Treasury (Treasury), among other roles, manages the country’s debt. The primary objective of Treasury’s debt management strategy is to finance the government’s borrowing needs at the lowest cost over time. To accomplish this Treasury adheres to three principles: (1) to… Continue Reading

Net Zero Stocktake 2022

“Assessing the status and trends of net zero target setting across countries, sub-national governments and companies. Net zero is the dominant lens through which countries, states and regions, cities and companies approach decarbonisation. With global coverage of net zero nearly universal at the national level now, the big question is whether a sufficient proportion of… Continue Reading

Stablecoins: Legal Issues and Regulatory Options

CRS Legal Sidebar – Stablecoins: Legal Issues and Regulatory Options, Part 1 – June 9, 2022 -“…stablecoins—cryptocurrencies whose value is pegged to a reference asset like the U.S. dollar.While stablecoin issuers attempt to maintain these pegs in different ways, most of the regulatory attention has focused on coins that are putatively backed with reserves of… Continue Reading

DOJ Reports calls for more international cooperation, coordination on crypto law enforcement

The Block: “A new report from the Department of Justice proposes more international cooperation among law enforcement agencies on the crypto and blockchain front. Information sharing and the harmonization of anti-money laundering and know-your-customer rules were also proposed in the DOJ report, which was developed in conjunction with other US agencies in the wake of… Continue Reading

The war in Ukraine is fuelling a global food crisis

Reuters: “Russia’s invasion of Ukraine in late February dramatically worsened the outlook for already inflated global food prices. The halt in Ukrainian exports following the outbreak of the conflict pushed the Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, to its highest point in… Continue Reading

800% increase in UN appeal needs for extreme weather-related emergencies over last 20 years

Oxfam: “The amount of money needed for UN humanitarian appeals involving extreme weather events like floods or drought is now eight times higher than 20 years ago — and donors are failing to keep up, reveals a new Oxfam brief today. For every $2 needed for UN weather-related appeals, donor countries are only providing $1.… Continue Reading

Executive Excess 2022

Institute for Policy Studies – The CEOs at America’s largest low-wage employers are grabbing huge raises while workers and consumers struggle with rising costs: “Throughout the pandemic, essential workers have labored heroically. But while workers risked their lives, bosses have reaped the rewards. In our last report, we found that more than half of our… Continue Reading

Americans’ Views of Government: Decades of Distrust, Enduring Support for Its Role

Pew – 65% say most political candidates run for office ‘to serve their own personal interests’: “Americans remain deeply distrustful of and dissatisfied with their government. Just 20% say they trust the government in Washington to do the right thing just about always or most of the time – a sentiment that has changed very… Continue Reading

What Litigators Should Know Now about Non-Fungible Tokens

ABA Litigation: Jurisdictional and other legal considerations in the booming NFT market. ” Many purists think decentralization is the most important promise of cryptocurrency, but to grow in popularity, non-fungible tokens (NFTs) need to guarantee rights to artists. NFTs are non-interchangeable units of data, stored on a blockchain, that can be sold and traded. NFTs… Continue Reading

2022 Environmental Performance Index

Wolf, M. J., Emerson, J. W., Esty, D. C., de Sherbinin, A., Wendling, Z. A., et al. (2022). 2022 Environmental Performance Index. New Haven, CT: Yale Center for Environmental Law & Policy. epi.yale.edu “The 2022 Environmental Performance Index (EPI) provides a data-driven summary of the state of sustainability around the world. Using 40 performance indicators… Continue Reading

Blockchain for Access Control Systems: NIST IR 8403

May 26, 2022 – “NIST has published NIST Internal Report (NIST IR) 8403, Blockchain for Access Control Systems. “The rapid development and wide application of distributed network systems have made network security – especially access control and data privacy – ever more important. Blockchain technology offers features such as decentralization, high confidence, and tamper-resistance, which… Continue Reading