Video & Transcript Research : 'tracking'
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MO
Transcript Highlights:
- Michigan shut down their last active track and informed a company to get their horse betting out of their
- Our language, being very similar to Michigan's, states you have to have a horse track in order to pair
- a mutual bet. ...similar to Michigan's that states you have to have a horse track in order to pair a
- Michigan's, and whenever they told Michigan to get out of Michigan, they said, well, you still have a track
- Nowhere in legislation does it—nowhere in statute does it say it has to be an operating track.
MO
Transcript Highlights:
- Michigan shut down their last active track and informed a company to get their horse betting out of their
- Our language being very similar to Michigan's states you have to have a horse track in order to pair
- Similar to Michigan's, that states you have to have a horse track in order to pari-mutuel bet, is the
- And whenever they told Michigan to get out of Michigan, they said, well, you still have a track.
- Nowhere in legislation does it—nowhere in statute does it say it has to be an operating track.
Summary:
The Committee on Government Efficiency met in executive session and considered the Senate substitute for Senate Bill 889, with discussion indicating it would be combined with Senate Bill 890 as a cleanup measure. Members explained that the bills had already been vetted in both chambers and that the committee substitute would restore language on corporal punishment while removing language that would have allowed horse wagering/pari-mutuel betting in Missouri. Several members asked for clarification on the horse betting language and its legal implications, and one member objected to the bill being sent back and forth between committees rather than being decided on the floor.
The committee adopted a House Committee Substitute (ending in 0.06C) and then voted on the House Committee Substitute for Senate Substitute for Senate Bill 889. The final roll call resulted in 9 ayes, 5 noes, and 1 present, and the motion to do pass was approved. The chair then adjourned the hearing.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Transportation Jun 21st, 2026 at 01:00 pm
Joint Committee on Transportation
Transcript Highlights:
- I can give specific stats, but overall the stats that we were tracking since 2003, we are percent-wise
- We completed the track improvement program on our subways on time and under budget, a major initiative
- With track infrastructure improving and hiring operators, we are restoring more frequent, more reliable
- So there's going to be areas where I'm going to look to double track and improve service in this way,
- To ensure that we remain on track, I recently announced the creation of a climate resiliency office and
Summary:
The Joint Committee on Transportation held an informational hearing with invited testimony from MassDOT leadership, the MBTA, Massport, and the state’s Federal Funds and Infrastructure Office. MassDOT officials outlined work across highways, rail and transit, the Registry of Motor Vehicles, and aeronautics, emphasizing major capital spending, bridge and roadway programs, transit grants, rail expansion, airport safety, and modernization efforts. They highlighted Chapter 90 and municipal grant programs, the Compass Rail and West-East Rail efforts, RMV upgrades such as electronic titles and driver licensing systems, and aeronautics work on airport pavement, drones, and advanced air mobility.
Committee members focused on safety, service access, and project implementation. Questions to MassDOT covered automated enforcement and rising roadway fatalities, the Allston multimodal project’s federal funding, Complete Streets access for rural communities, and South Coast Rail staffing and future electrification. The RMV was asked about the Work and Family Mobility Act, Real ID demand, and appointment access, especially in Metro West. Members also raised concerns about South Coast Rail operations, Keolis staffing, and whether the Stoughton route remains part of future plans; MassDOT and MBTA officials said they are working on staffing, service reliability, and long-term expansion, while noting that nothing is off the table for future rail improvements.
MBTA General Manager Phil Eng reported progress including workforce growth, elimination of subway speed restrictions, expanded reduced-fare access, bus network redesign, South Coast Rail launch, and commuter rail signal upgrades. He said the agency is pursuing a new commuter rail operating contract designed to support future regional rail, electrification, and higher-frequency service, while maintaining service and workforce stability amid funding uncertainty. Members also asked about fare collection data privacy and the impact of state funding levels; Eng said the MBTA needs the governor’s proposed funding to preserve service and staffing, and that the fare system’s data are encrypted and handled through a secure vendor system.
Massport CEO Rich Davey reported record activity at Logan, Worcester, and the cruise and maritime facilities, along with major capital and climate investments such as sustainable aviation fuel planning, shore power at Flynn Cruiseport, renewable diesel, and expanded ground transportation. He said Massport is planning for continued passenger growth and managing congestion through parking, HOV, and curbside changes, while monitoring federal policy, tariffs, and air traffic control staffing issues. Federal Funds Director Quentin Palfrey described the administration’s efforts to secure federal infrastructure dollars, citing about $9 billion in federal awards since the start of the administration, including major transportation grants for the Cape Cod Bridges, Allston, West-East Rail, North Station drawbridge replacement, roadway safety, and clean school buses. He warned that changing federal policies, grant delays, and possible future congressional actions create uncertainty, but said the office is working case-by-case with municipalities and agencies to protect awarded funds and find alternative financing where needed.
MN
Minnesota 2025-2026 Regular Session
Civility in the Senate / Preserving the Past and the Present / Inspiring Legislators Through Art Apr 3rd, 2026
Minnesota Senate Floor Meeting
Transcript Highlights:
- Another way to track your senator's work is through the Senate's Journal.
- <00:06:36.240>
of It's important to keep track of It's important to keep track of legislation - Tracking down the data to understand the entire budget can be time-consuming and frustrating.
- So, if there's a bill this session that you'd like to keep an eye on, we can help you track it.
- Once you create your free account, you can track Senate bills via their topic or number.
Summary:
This episode of Senate Spotlight focused on several nonpartisan Senate offices and programs that help lawmakers and the public understand the legislative process. It highlighted the Civility Caucus, where Republican Sen. Zach Duckworth and DFL Sen. Grant Hauschild work to build relationships across party lines, especially important in a closely divided Senate and during a bonding year that requires a two-thirds vote for infrastructure spending. Speakers emphasized that the caucus is about civility, empathy, and laying groundwork for future bipartisan work rather than guaranteeing agreement on specific bills.
The program also explained how Minnesotans can track legislative activity through the Senate Journal and the fiscal review. Staff described the Journal as a public record of votes, amendments, roll calls, and other actions, useful for checking how senators voted on bills that passed or failed. The fiscal review was presented as a nonpartisan, award-winning summary of the enacted budget, with examples of how readers can find spending details by page and a discussion of plans to make the document more interactive and web-based. Viewers were also directed to the Senate website to look up senators’ contact information and to the Legislature’s bill-tracking system.
Another segment covered Senate File 901, a bipartisan bill by Sen. Eric Pratt that funded an equine-assisted therapy program for first responders dealing with trauma. Testimony described how the program has helped police, firefighters, dispatchers, and correctional officers stay on the job and recover mentally, with lawmakers noting its strong support and practical benefits. The episode also featured Senate pages and interns, who described their behind-the-scenes work supporting committee meetings and learning the legislative process, and concluded with a segment on Capitol art and a new public gallery meant to inspire good government and showcase Minnesota artists.
FL
Florida 2026 Regular Session
Military and Veterans Affairs, Space, and Domestic Security Oct 14th, 2025
Military and Veterans Affairs, Space, and Domestic Security
Transcript Highlights:
- We spend a lot of time, and I'm sorry, I'm going to go off track here for just a second.
- Time, and I'm sorry I'm going to go off track here for just a second.
- We are already tracking and monitoring that.
- next year. ...testing classes, and we have an elected officials track next year for the first time ever
- We may only have an elected official track for a couple of days, not the full five days.
Summary:
The committee first heard a presentation from Major General James Hartzell of the Florida Department of Veterans’ Affairs on the agency’s mission, outreach efforts, state veterans nursing homes, and support programs. He highlighted Florida’s large and growing veteran population, the state’s existing nursing homes and the planned 10th home in Collier County, and the department’s dental assistance program, which served 245 veterans in the first quarter of the fiscal year and completed 1,631 procedures while saving more than $525,000. He also discussed veteran service officers, the benefits guide, the department newsletter, efforts to reduce veteran homelessness, and mental health outreach through the Overwatch/Firewatch program. Senators asked about future nursing home locations, adult day health care, homelessness, and the dental program; Hartzell also announced that retired Colonel D.J. Reyes will become deputy executive director on November 7.
The committee then heard from Kevin Guthrie, Executive Director of the Division of Emergency Management, on disaster response, recovery, and agency modernization. He described the State Emergency Response Team, the new Florida Central Operations and Coordination Office warehouse in Auburndale, and the new state emergency operations center in Tallahassee, which is ahead of schedule and designed to hold about 220 people and withstand 200-mph winds. Guthrie reviewed recovery efforts for recent storms, including debris removal, volunteer villages, sheltering, and FEMA reimbursement totals for Hurricanes Milton, Helene, Debbie, Idalia, Ian, and earlier storms. He also discussed the Elevate Florida home-elevation program, the Florida Recovery Obligation Calculation training initiative, the DEMES platform, and WebEOC, noting that 60 counties and 22 colleges and universities are using the system.
Members asked Guthrie about flood-response resources for cities, training for local officials, and lessons from inland flooding after recent storms. He explained how local governments can request pumps and other assistance through county and state channels, described upcoming elected-official training, and emphasized mutual aid and EMAC as key future disaster-response tools. The committee took no formal votes or other legislative action and adjourned at the end of the meeting.
NM
New Mexico 2025 Regular Session
IC - Military and Veterans Affairs Aug 13th, 2025
Transcript Highlights:
- My question is, are we tracking dependents?
- They are tracking their time, and it is producing.
- Probably most famous for that high-speed test track.
- I'm not tracking the Votel or Leeward, Dutch bases, Dutch fighter bases.
- I'm not tracking any of the DOE developments.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Aug 11th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- But the number of people, I'm not really keeping track, but it seems like the number of people I've met
- Even large issuers aren't able to have that kind of specialized staff, and aren't able to track that
- And so, we do ensure that we have other talented individuals that help track all of that data.
- That's the State Board of Finance issuance, but I don't track that. I apologize.
- Those are harder to track, but for the others, we do ask for and monitor it.
FL
Florida 2026 Regular Session
Appropriations Committee on Criminal and Civil Justice Feb 5th, 2025
Appropriations Committee on Criminal and Civil Justice
Transcript Highlights:
- And comparably, at the appellate court level, we have C-Track.
- And then we have Problem-solving courts and keep track of the participants in those programs.
- We are not in this program checking, tracking that. Thank you for that question.
- We are not in this program checking, tracking that, but Eric, Mr.
- We're tracking Black, White, in one way, and Hispanic in a different way, in non-Hispanics.
Summary:
The Appropriations Committee on Criminal and Civil Justice met to continue its review of performance measurement in the criminal justice system. The first presentation, from State Courts Administrator Eric McClure, described how the court system uses multiple data sources to track filings, dispositions, clearance rates, workload, and support services, and how those data inform judge need, budget requests, resource allocation, and court administration. He also discussed ongoing efforts to improve case-level reporting, the use of case management systems in trial and appellate courts, and performance efforts in problem-solving courts and civil case management. McClure noted that the legislature provides dedicated funding for problem-solving courts and for medication-assisted treatment, and that the courts are required to report outcomes and monitor compliance with contract requirements.
Melanie Brown-Whor of the Florida Behavioral Health Association then reviewed the medication-assisted treatment program funded through the courts budget. She said the program combines medication with counseling and behavioral supports, serves people involved in or at risk of criminal justice involvement, and has expanded over time to include additional medications and more counties. She reported improved engagement and retention, with more than 10,000 people screened over five years, about 9,200 receiving medication, and over 6,600 successfully discharged. Senators asked about racial and ethnic demographics, hospital referrals, and how services are delivered; Brown-Whor explained that local community providers deliver treatment under contract and that the program is working to improve data reporting and consistency.
The Department of Law Enforcement then presented on investigations, forensics, and criminal justice information services. Deputy Commissioner Vaden Pollard outlined FDLE’s strategic plan and major investigative priorities, including cybercrime, targeted violence, crimes against children, mutual aid, and the SAFE fentanyl eradication program. He said SAFE has led to major seizures, arrests, and a reported decline in fentanyl deaths. Director Jason Bundy described FDLE’s forensic laboratory operations, DNA and rapid DNA capabilities, cold case and missing persons work, and the staffing and turnaround-time challenges tied to complex evidence testing. Director Lucy Saunders reviewed FDLE’s criminal history, biometric, incident-based crime reporting, and criminal justice transparency systems, noting that Florida is still transitioning agencies from summary reporting to incident-based reporting. The committee raised questions about Rapid DNA deployment, cold case coordination, and the slow pace of NIBRS/FIBRS adoption. No votes were taken, and the meeting adjourned after the presentations and questions.
MN
Minnesota 2025-2026 Regular Session
Committee on Housing and Homelessness Prevention - 02/04/25
Housing and Homelessness Prevention
Transcript Highlights:
- We track what are the top in-demand jobs.
- <00:48:44.680>
record Equity firms which have a track record Equity firms which have a track - We're tracking the cadence of our receipt of funds from the federal government.
- We're tracking the cadence of our receipt of funds from the federal government.
- We're tracking the cadence of our receipt of funds from the federal government.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Dec 10th, 2025 at 01:45 pm
Transcript Highlights:
- Keeping people on track, online, and understanding what's important.
- data about outcomes tracking and results, and program completion rates.
- And For some of these programs, agencies aren't tracking them, or their service providers aren't tracking
- Are they tracking outcomes? What are they getting for it?
- So that is something that we do track; it's just not on this particular slide.
NM
New Mexico 2025 Regular Session
IC - Economic and Rural Development Dec 8th, 2025 at 09:32 am
Economic & Rural Development & Policy Committee
Transcript Highlights:
- Again, Senator Pinto, the area between the railroad tracks and I-40 To do that.
- tracks, that is a high wash area.
- So I don't know what it's called, but it's a parallel track.
- The other thing that needs to happen with that parallel track is the spurs.
- And that parallel track is the spurs. So DOT is like, well, it's an economic development issue.
WY
Wyoming 2026 Regular Session
Senate Floor Session-Day 18, March 3, 2026-AM
Wyoming Senate Floor Meeting
Transcript Highlights:
- Chairman, but it's going to be something that we continue to have to track and come back and update.
- Chairman, but it's going to be something that we continue to have to track and come back and update.
- Chairman, but it's going to be something that we continue to have to track and come back and update.
- Chairman, but it's going to be something that we continue to have to track and come back and update.
- Chairman, but it's going to be something that we continue to have to track and come back and update.
NM
Transcript Highlights:
- It's been Tracking at about 62. Yes, sir, Mr. Chairman.
- Just trying to track everything.
- Funded at 20, and it's. 17 and I'm just curious about that and then also as it may track with this item
- I just want to track the numbers unless that number is somewhere else, and then that you could help me
- Have you tracked that? I know that that's the way we try to do that.
FL
Transcript Highlights:
- And the reason for showing that in there is that it lets us track what is moving by how much.
- So we just use this chart as economists to help us keep track of...
- I just wanted to make sure that you were tracking that.
- So just wanted to make sure that you were tracking that.
- And really just wanted to thank all of you, certainly, for putting Florida on the best of tracks.
Summary:
The Senate Committee on Finance and Tax convened with a quorum present, heard an introductory presentation of committee staff, and then received a staff briefing from Azar Khan on Florida’s state tax structure and revenue outlook. The presentation covered fiscal year 2023-2024 revenues, noting more than $127 billion in total state revenue, with general revenue exceeding $48 billion and sales and use tax making up the largest share. It also compared Florida’s tax burden to other states, highlighted Florida’s low per-capita revenue ranking and strong business formation numbers, and reviewed major and minor revenue sources, tax rates, and the revenue estimating conference process.
Members asked about what drives revenue growth, including population, tourism, construction, and auto sales, and about Florida’s regressivity, corporate income tax participation, and investment earnings on state balances. Khan said the state’s revenue picture remains positive and stable, but that future growth is slower than during the COVID-era spike; he also explained that some negative forecast changes were tied to legislative actions such as the insurance premium tax credit, while others reflected lower tobacco consumption and severance activity. He noted that revenue and spending forecasts are separate and that budget-side growth is driving concerns raised in other state economic projections.
The committee also discussed possible tax package ideas for the upcoming session, including tax holidays and homeowner relief, but no specific proposals were acted on. The chair announced the committee would not meet the following week and that the next meeting would be in week three of February. The meeting concluded with no objections to a motion to adjourn.
MN
Transcript Highlights:
- sheets can be read aid and Levy tracking sheets can be read what<00:14:04.519>
information <00 - of of each of the Statewide tracking of of each of the state<00:16:05.240>
aid <00:16:05.560>< - The budget pages will include a narrative for each of the programs in the K-12 area, track the amount
- The tracking will certainly reflect that.
- Those items last year were not tracked in the House Education Finance Committee; they were tracked in
Summary:
The Education Finance Committee met on January 21, 2025, for its first hearing of the session and began with organizational business. Members and staff introduced themselves, described their districts and backgrounds, and the chair reviewed committee procedures, including how to request bill hearings, amendment deadlines, and handout deadlines. The committee also heard introductions from nonpartisan and partisan staff, including House Research and House Fiscal Analysis personnel who will support the committee’s work this session.
The main substantive item was an overview presentation on the state budget and education finance process. Staff explained how Minnesota’s general fund is forecast twice a year, how the committee should read the budget documents and aid/levy tracking sheets, and how the current biennium compares with the upcoming budget window. They described the November forecast, noted that the committee will later receive the February forecast, and outlined the committee’s role in reviewing K-12 state aid spending, school district revenue, and property tax impacts.
Staff walked through the aid appropriation summary spreadsheet and explained its columns, including end-of-session spending, fiscal year 2024-25 actuals and estimates, and the 2026-27 and 2028-29 planning horizons. They emphasized that many education programs are forecast-driven and can change with enrollment and other data. The presentation also summarized the state’s overall revenue mix and spending priorities, noting that K-12 education is the largest general fund category and that state aid makes up the majority of school revenue. No bills were heard and no votes or formal actions were taken.
MN
Transcript Highlights:
- <00:08:57.280>
the actively teaching and tracking the actively teaching and tracking the progress - Those goals are tracked and monitored by caregivers and they are shared.
- Those goals are tracked and monitored by caregivers and they are shared.
- <00:34:40.679>
of <00:34:40.760>the is the daily tracking of the is the daily tracking - To be daily tracking of their progress.
FL
Transcript Highlights:
- So it's our reflection in the budget of trying to keep track better of where those dollars are going.
- So we're trying to better track where students are going.
- I think we're on the right track, and unfortunately, it's probably not going to be the last step.
- Before we get back on the fast track, we have a couple of recognitions.
- This legislation would create the crime of aggravated installation or use of tracking devices or tracking
Summary:
The Senate opened with prayer, the Pledge of Allegiance, doctor and guest introductions, and then took up Committee Substitute for Senate Bill 168, the Tristan Murphy Act, on mental health. Senator Bradley described the bill as a major criminal justice and behavioral health reform measure that would expand pretrial mental health diversion, strengthen treatment-based probation conditions, broaden grant uses for mental health and substance abuse programs, add Hillsborough County to a forensic hospital diversion pilot, require certain DOC mental health evaluations, and create a Florida Behavioral Health Data Repository. Senators from both parties spoke in strong support, emphasizing treatment over incarceration, public safety, data collection, and the Murphy family’s role in advancing the bill. The Senate passed the bill 37-0 and then approved 37 co-sponsors.
The chamber then received the Senate’s 2025-26 General Appropriations Bill, SB 2500, with Chair Hooper outlining a $117.4 billion budget that he said reduces spending, preserves reserves, and includes major investments in water quality, transportation, education infrastructure, and reporting requirements. Committee chairs summarized their portions: K-12 funding at $34.7 billion with increases for FEFP, scholarships, VPK, school hardening, and school safety; higher education at $11.5 billion with workforce, nursing, reading, autism, and student aid investments; health and human services with a $1.8 billion increase for Medicaid, mental health, opioid response, disability services, and veterans programs; criminal and civil justice at $7.6 billion for corrections, juvenile justice, law enforcement, courts, and judgeships; transportation/tourism/economic development at about $18 billion including roads, housing, Visit Florida, and cultural grants; and agriculture/environment/general government with major Everglades, water quality, citrus, food bank, and agency IT funding.
Members then questioned several budget items, especially education funding formulas, the shift of scholarship dollars below the line, the impact on public school districts, AP/IB and other accelerated program funding, the APD wait list, opioid settlement spending, arts grants, and the My Safe Florida Home and condo pilot programs. Chairs generally said scholarship and accelerated-program dollars were being restructured for transparency and flexibility rather than cut, that school districts would still receive funding based on enrollment, and that APD and other human services issues would continue to be worked out in conference. The budget discussion concluded with remarks praising staff and noting a 4% across-the-board pay raise for state employees and targeted increases for law enforcement and firefighters, followed by a recognition for FAMU Day at the Capitol.
KY
Transcript Highlights:
- 26.920>
Boone goes back to predates the Daniel Boone goes back to predates the Daniel Boone track - <00:08:30.120>
Thomas track through the gap when Dr. - Thomas track through the gap when Dr. Thomas Walker<00:08:30.960>
came. Walker came. - I'd say if you track it back, you might have a connection. Thank you, Mr. Chairman.
- it back, you might >> I'd say if you track it back, you might have<00:09:46.280>
a <00:09
US
US Federal 2025-2026 Regular Session
Open hearings to examine the United States Strategic Command and United States Space Command in review of the Defense Authorization Request for fiscal year 2026 and Future Years Defense Program; to be immediately followed by a closed session in SVC-2 Mar 26th, 2025 at 08:30 am
Senate Armed Services Subcommittee on Strategic Forces
Transcript Highlights:
- While it is the responsibility of the services to get these programs back on track, we are back on schedule
- that three gigahertz region, is an area where we have radars and sensors which allow us to detect, track
- Shoot down enemy missiles and the satellites to track them.
- The EO called for the, quote, acceleration of the deployment of the hypersonic and ballistic tracking
- The threats that we need to track, we will only be able to do that from space, and we need to be able
Keywords:
military strategy, nuclear triad, deterrence, STRATCOM, SPACECOM, SLICOM, B-21, hypersonic defense, spectrum auction
Summary:
The meeting focused on the strategic posture of U.S. military capabilities with an emphasis on deterrence amid growing global threats. General Cotton from STRATCOM and General Whiting from SPACECOM provided insights into the modernization efforts of the nuclear triad. Key discussions involved the importance of maintaining control over specific frequency spectrums critical for military operations and the implications of potential auctioning of these bands. Members expressed concerns regarding the evolving landscape with adversaries like China and Russia, emphasizing that swift action is needed to adapt and preserve U.S. national security. Various proposals and existing programs, including the B-21 bomber and the nuclear-armed sea-launched cruise missile (SLICOM), were debated, alongside the necessity of increasing military investment in hypersonic defense systems.
NH
New Hampshire 2026 Regular Session
Commission to Study Stable Tokens (01/14/2026)
Transcript Highlights:
- <01:30:28.480>
them distributions made, we can track them distributions made, we can track - So for people who know the cannabis industry, the ability to track and have seed-to-sale tracking on
- <01:34:33.040>
and industry, the ability to to track and industry, the ability to to track - able to do that seed to sale tracking able to do that seed to sale tracking and<01:34:41.920>
- to track transactions need to track transactions and<01:35:10.320>
know <01:35:10.560>where
Summary:
The commission met to review stable tokens, real-world asset tokenization, and blockchain-based trust, approved the agenda and December 12 minutes, and heard a presentation from Anchorage Digital after postponing a planned Bitco presentation because of its IPO quiet period. Anchorage’s Melinda Delos, Joe Mioli, and Kevin Wasaki introduced the firm, describing it as a global digital assets platform and the first crypto-native institution in the U.S. to receive a federal banking charter. They said their approach emphasizes security, regulated custody and trading services, and responsible innovation for institutional clients, banks, states, and sovereigns.
The presentation focused on post-Genius Act momentum in the stablecoin market. Anchorage said the law provided regulatory clarity and helped spur activity with major clients, including Athena, Tether, and Western Union. The speakers highlighted Western Union’s planned stablecoin as especially significant because it reflects adoption by a long-established traditional payments company, and they said the project illustrates how stablecoins can support programmable, real-time, interoperable payments. They also noted that Anchorage is providing issuance infrastructure for the Western Union project.
The commission and presenters also discussed government uses of tokenized assets, including reserve legislation, digital assets for tax collection and fees, and a Marshall Islands initiative to use a tokenized sovereign bond for direct citizen payments. In response to a question, Anchorage said it would follow up on which states are using digital assets for revenue collection, mentioning Louisiana and Pennsylvania as examples. The banking discussion centered on remittances, instant payments, and interbank settlement, with Anchorage arguing that stablecoins can reduce settlement time, fees, and foreign exchange risk while improving traceability and auditability.