News and reports from the Department of Commerce.

While some digital asset analysts have voiced concerns that the actions the U.S. Securities and Exchange Commission (SEC) has taken against stablecoins could push innovation out of the U.S. into other countries, two economists told the Federal Newswire that they don't share those concerns. Steve H. Hanke, a professor of applied economics at Johns Hopkins University, and Matt Sekerke, a fellow at the Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise, said they believe stablecoin issuers will not leave the U.S. because they benefit from access to the U.S. dollar and financial institutions.

The U.S. Patent and Trademark Office is making it easier for budding inventors with the debut of its Council for Inclusive Innovation First-Time Filer Expedited Examination Pilot Program.

The Department of Commerce’s National Telecommunications and Information Administration (NTIA) has kicked off a request for comment on identifying airwaves for innovative and intensive uses.

Some experts have expressed concern that U.S. actions targeting stablecoins could threaten the U.S. dollar's (USD) global prominence, but Benn Steil, a senior fellow and the director of international economics at the Council on Foreign Relations, told the Federal Newswire that he believes the USD will not be weakened by stablecoins pegged to other currencies.