us treasury
Former US Head of Treasury Lawrence Summers Backs Cryptocurrency
In an interview with CEO of the digital currency company Circle —Jeremy Allaire, Former US head of Treasury Lawrence Summers advocates for cryptocurrency’s benefits.
US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”
The US Treasury Department has been on the receiving line of a huge security breach that saw their internal servers targeted.
US Treasury Secretary Janet Yellen Cites Crypto’s Growing Role in Terrorism Finance
US Treasury Secretary Janet Yellen said she sees the “promise” of cryptocurrency but also is wary of the reality that crypto is increasingly being leveraged to finance terrorism
US Treasury Department Warns Regulators of Potential Risks of Digital Assets
The Financial Stability Oversight Council (FSOC) of the US Treasury Department has released its annual report with a crucial warning of digital assets disruption.
US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate
The US Treasury Department Office of Foreign Asset Control has sanctioned two men believed to involved in laundering stolen cryptocurrency from a 2018 cyberattack against a cryptocurrency exchange.
Circle CEO Tells US Treasury Department to Provide a "Meaningful Safe Harbor" for the Crypto Industry
Circle CEO wants the US Treasury Department to provide improved regulation that can offer a “meaningful safe harbor” for players within the cryptocurrency.
US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions
The U.S Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.
Former Fed Chair Janet Yellen Confirmed in Senate as new US Treasury Secretary
After being nominated by President Joe Biden, the United States Senate has now confirmed former Federal Reserve Chair Janet Yellen to serve as Treasury Security.
US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules
The IRS is developing domestic reporting rules for cryptocurrency taxation and assessing different models, according to a Treasury Department official at an OECD event.
US Treasury Fines Bittrex Exchange $29m for Multi-Year Sanctions Violation
The United States Treasury Department through the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) has fined Bittrex $29 million due to failure to prevent individuals in sanctioned jurisdictions from using its platform.
US Treasury Invites Public Opinions on Digital Assets Framework
The US Treasury Department has requested US citizens to comment on how Biden's Executive Order on digital assets could be streamlined and modernized.
First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown
FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.
US Treasury Imposes Sanctions on Iranian-Linked Ransomware Gang
The United States Treasury Department through the Office of Foreign Asset Control (OFAC) has updated its sanctions list with new targets focusing on ransomware gangs affiliated with the Iranian military.
US Treasury Updates FAQ on Sanctioned Tornado Cash
The Treasury Department assured the public that no one will be prosecuted for sharing the codes of Tornado Cash and that they can be used in an educational setting.
US Treasury to Increase DeFi Regulation
The US Treasury conducted a risk assessment of DeFi, finding it lacking in AML/CFT compliance, and reported money laundering, scammers, and North Korean hackers benefiting from the sector. The Treasury response to Biden's executive order suggests more regulation for DeFi, including compliance with the Bank Secrecy Act.
Tornado Cash Community Fund Signatories Relinquish their Positions
The signatories to Tornado Cash's community funds have relinquished their role, automatically ceding control of the funds to the Decentralized Autonomous Organization (DAO).
Paolo Ardoino: Tether Ranks 22nd in US Treasury Holdings, Surpassing Mexico, Australia, and Spain
Tether, the world's leading stablecoin, now holds $72.5 billion in U.S. Treasury bills, despite China's divestment from U.S. debt. Mixed reactions arise, questioning long-term stability in emerging markets.
US Treasury and IRS Propose New Regulations on Digital Asset Reporting
The US Department of the Treasury and the IRS have issued proposed regulations to improve transparency and compliance in the digital asset sector. Starting Jan. 1, 2025, brokers must report gross proceeds, payee statements, and gain/loss and basis information for sales. The regulations aim to close the tax gap and ensure uniformity in tax rules.
US Treasury Targets Hamas Financial Networks Post-Israel Attack
In a strategic move following the recent terrorist attack on Israel, the US Treasury designated ten key individuals and entities affiliated with Hamas, targeting their financial networks across several countries. This action accentuates the broader US initiative to choke off Hamas’s financial resources, while spotlighting the emerging challenges posed by virtual currencies in terror financing.
US Deputy Treasury Secretary Proposes Reforms to Enhance Crypto Enforcement Against International Bad Actors
US Deputy Treasury Secretary Adewale Adeyemo proposes reforms to enhance enforcement against cryptocurrencies, including secondary sanctions, extraterritorial jurisdiction, and a new secondary sanctions tool.
US Treasury Suggests Easier Oversight for Nonbank Financial Institutions
The US Treasury and top financial regulators have proposed new rules to ease the Federal Reserve's designation of nonbank institutions as systemically important. Treasury Secretary Janet Yellen raised concerns over nonbank institutions' lack of supervision and the potential for financial contagion during periods of distress.
MakerDAO Increases US Treasury Bond Holdings by 150%
MakerDAO passed a proposal to increase its US Treasury bond holdings by 150% to $1.25 billion. The move aims to diversify its liquid assets and boost revenue stream through a net annualized yield of 4.6% to 4.5%. The bonds will be purchased with equal maturities over a six-month period.
Tether Q3 Attestation: 85.7% Cash Reserves, $330M Loan Cut, $670M Research Spend
Tether's Q3 2023 attestation shows historic liquidity, 85.7% reserves in Cash & Cash Equivalents, reduced secured loans, and robust investment in industry research, ensuring financial resilience amid market fluctuations.
U.S. Intensifies Sanctions on Hamas, Targeting Crypto Assets
The U.S. Treasury has imposed sanctions on Hamas, a Palestinian terrorist group, following their attack on Israel, focusing on their use of cryptocurrency assets. The sanctions include sanctions on officials, a Gaza-based crypto exchange, and individuals involved in Hamas' financial operations.
Arthur Hayes Discusses Crypto Market Turbulence, US Tax Season, Federal Reserve uncertainty and Bitcoin halving
Arthur Hayes, in the latest edition of Crypto Trader Digest, provides insights into the recent market volatility and its impact on the crypto industry. He discusses the factors contributing to the market fluctuations, including US tax season, the Bitcoin halving event, and the tapering of quantitative tightening by the Federal Reserve. Hayes also highlights the US Treasury's quarterly refunding announcement and the response of the monetary authorities to the failure of Republic First Bank.
Yellen Selects Fed Associate Director Michael Hsu to Succeed Brian Brooks at OCC
US Treasury Secretary Janet Yellen announced her intention to nominate Fed Associate Director Michael Hsu to take charge as the new acting Comptroller of Currency.
Coin Center Sues IRS For Unconstitutional Tax Reporting Rules
Coin Center, a Washington DC-based non-profit research and advocacy centre, has filed a lawsuit against the United States Treasury and the Internal Revenue Service (IRS) for a tax reporting requirement it wants to pass into law.
Coinbase Backs Lawsuit against US Treasury over Tornado Cash Sanctions
A group of crypto users are challenging the US Treasury Department's sanctions of Tornado Cash in court. Coinbase is backing the legal action.
Tether Boosts US Treasury Holdings Behind USDT, Further Reducing Commercial Paper
Tether said it has increased its investments in US Treasury bills backing its $68 billion stablecoin.
Tether Eliminates All Commercial Paper Holdings to Zero
Tether has cut down all commercial paper exposure from its reserves. The firm said the move is part of its ongoing efforts to increase transparency.
US Treasury Department Imposes Sanctions on Russian Crypto Mining Firm Bitriver
The invasion of Ukraine by Russia last over 2 months, The U.S. strengthens sanctions over Russia, adding Bitriver to the sanctions list in connection with its ties to the Russian economy.
Digital Currencies Impede US Treasury Sanction Efforts, Report says
The United States Treasury Department revealed that digital currencies pose a critical impediment to sanctions strategy and policies.
Tornado Cash Sees about 80% Deposit Decline following OFAC Sanctions: Report
In just about a week since the US Treasury Department’s Office of Foreign Assets Control placed a ban on the crypto mixer, Tornado Cash, the total deposits on the platform have plummeted remarkably.
Tornado Cash Developer Arrested by Dutch Authorities
The Dutch Fiscal Information and Investigation Service (FIOD) has arrested a suspect in connections to money laundering crimes on the crypto mixing platform, Tornado Cash
Bitcoin is Showing Great Resilience Considering the Surging 10-Year Treasury Yield
Crypto analyst and investor Joseph Young has disclosed that BTC is showing considerable resilience despite unfriendly market forces like the surging 10-year treasury yield.
US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth
The US Treasury Department officially designated China as a “currency manipulator” on Monday following the largest stock market losses the U.S has seen in 2019.
Arca Digital Asset Investment Firm Gets Approval from SEC to Tokenize US Treasury Bonds
Los Angeles-based digital asset investment firm Arca has launched trading for its new digitized security investment product that runs on the Ethereum blockchain.