The minutes of the Federal Reserve's first meeting on the international role of the dollar showed that the status quo of the international role of the dollar remained largely unchanged. A second panel moderated by Lorie Logan addressed issues related to digital assets, with speakers Neha Narula, Hyun Song Shin, Rebecca Patterson and Paul Mackel. Panelists discussed questions such as whether certain technological aspects of digital assets, including central bank digital currencies (CBDCs), could change the advantages of the U.S. dollar or reinforce its various roles. Panelists generally agreed that technology by itself would not lead to drastic changes in the global currency ecosystem, as other factors such as the rule of law, stability, network effects, and the depth of markets are crucial for the advantages held by dominant currencies. The current landscape for digital assets has tended to be more centered on retail investors for speculative purposes with movement toward institutional investors constrained by the lack of a regulatory framework. The development of CBDCs has also tended to be focused on domestic retail sectors and thus is not a threat to the U.S. dollar's international status, with the scope of cross-border CBDCs still quite limited.