Treasury Department
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
In a letter to top U.S. security officials, 102 lawmakers demanded to know what the Treasury Department and others are doing to prevent the use of crypto to finance terrorism.
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the delay is a White House strategy.
What the Federal Reserve's 'FedNow' Instant Payment System Could Mean for Crypto
The U.S. Federal Reserve launched a new instant payment service called FedNow. The central bank has also denied it is tied to any digital U.S. dollar initiative. Aaron Klein, Brookings Institution senior fellow in economic studies and former deputy assistant secretary for economic policy at the Treasury Department, shares insights into the FedNow system and its significance to the crypto sector.
Leading House Democrat Solicits Feedback From Gensler and Yellen on Crypto Bill
The bill would provide guidelines for U.S.-based crypto exchanges to register with regulators.
U.S. Treasury Examining How Using Digital Dollars Could Be Kept Private
The U.S. Treasury Department has been studying how it might keep retail transactions in a potential digital dollar as private and anonymous as possible, said Graham Steele, the assistant secretary for financial institutions. He also said the U.S. hasn’t yet decided whether to move forward on a central bank digital currency (CBDC). "The Hash" panel weighs in on the state of CBDCs in the United States.
World Regulators Are Looking at DeFi
The U.S. Treasury Department and French central bank published reports looking at DeFi risks and providing recommendations for mitigating them.
Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures
Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.
U.S. Banking Collapse Doesn't Necessarily Make Crypto Trustworthy
The fall of Silicon Valley Bank had a convenient deus ex machina to fix collateral damage. Crypto cannot expect the same, Wilson Sonsini Goodrich & Rosati partners Jess Cheng and Amy Caiazza write.
U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
The department has reviewed decentralized finance’s role in such incidents as North Korean ransomware attacks, and will issue a risk assessment, a senior official said.
Is This a Crypto Banking Bailout?
It depends on who you ask, but this round of government interventions doesn’t yet resemble the large-scale, taxpayer-involved rescue in the wake of the 2008 financial meltdown.
