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Stablecoins Pose Risks to Financial Stability: Yellen

Stablecoins Pose Risks to Financial Stability: Yellen

The instability of the UST stablecoin has pushed the United States Treasury Secretary, Janet Yellen, to advocate for introducing a tighter regulatory framework to govern the entire stablecoin offshoot of the crypto ecosystem.

Tornado Cash Now Placed Under US OFAC Sanctions

Tornado Cash Now Placed Under US OFAC Sanctions

The United States Treasury Department has barred Tornado Cash from offering any form of transactions to individuals in the US.

Kraken Under Probe for Allegedly Violating US Sanctions on Iran

Kraken Under Probe for Allegedly Violating US Sanctions on Iran

The US Treasury Department is investigating Kraken on suspicion that the crypto exchange allowed Iranian users to use its trading platform despite federal sanctions on the middle eastern country.

Congress Members “Express Concern” Over Treasury’s Potential Crypto Wallet Regulations

Congress Members “Express Concern” Over Treasury’s Potential Crypto Wallet Regulations

Four members of Congress have expressed concerns in a letter to the US Treasury Secretary Steven Mnuchin, over their rumored self-hosted crypto wallet regulation ban.

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