The term cryptocurrency now regularly appears in daily headlines, yet many people have only a basic understanding of the technology behind it and what its broader applications may be. The decentralized nature of the currency has both advantages and disadvantages for society. This event will explore the rise of cryptocurrencies and the potential implications for the U.S. and global economies: breaking down the technical aspects; anticipating the effects for domestic and international policymaking, regulation, and the financial system; and envisioning the potential implications for American democracy more broadly.
