Federal

Definition ∞ The term ‘Federal’ denotes matters pertaining to the central government of a nation, as distinct from state or local authorities. In the United States, it specifically refers to the national government established by the Constitution. This encompasses federal agencies, laws, and policies that apply across the entire country.
Context ∞ In the realm of digital assets and finance, ‘Federal’ often appears in discussions concerning regulatory oversight, monetary policy, and the legal framework governing financial activities. News related to federal agencies like the SEC or CFTC, or federal legislation impacting the crypto market, directly relates to this term. The actions and pronouncements of federal authorities shape the operational landscape for many cryptocurrency enterprises and investors.