Treasury
Rep. McHenry Questions Regulators on SVB Collapse
U.S. Rep. Patrick McHenry (R-N.C.) questions U.S. Treasury Undersecretary For Domestic Finance Nellie Liang, Federal Reserve Vice Chair for Supervision Michael Barr, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg on Silicon Valley Bank's collapse during a House Financial Services Committee hearing on Wednesday.
Crypto Oversight Remains Unclear Despite Biden’s Executive Order
The series of reports from the Treasury Department provided rather limited clarification on what the Biden administration and regulators intend to do about digital assets. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what this means for the construction of a regulatory framework.
US Treasury Official on the Travel Rule and Risks of Unhosted Wallets
Deputy Secretary Wally Adeyemo shares focuses of the agency’s regulatory efforts in the coming months, including unhosted crypto wallet rules, at Consensus 2022.
Janet Yellen Calls Crypto ‘Transformative,’ Urges More Regulation to Reduce Risk
U.S. Treasury Secretary Janet Yellen delivered her first speech on digital assets Thursday. She said crypto is a “transformative” technology, and called for more regulation to reduce risks, among other remarks. “The Hash” panel unpacks Yellen’s landmark address and the implications for the U.S. crypto regulatory landscape.
The Unhosted Crypto Wallet Rule Is Back
A controversial proposed rule that would enforce know-your-customer (KYC) rules on unhosted or self-hosted crypto wallets may again be under consideration by the U.S. federal government, particularly in the Treasury Department’s semiannual agenda of regulations. CoinDesk’s Nikhilesh De discusses what this means for the U.S. crypto regulatory landscape.
Rio De Janeiro 'Inspired by Miami' to Add Crypto to Its Balance Sheet
Brazil's second most populous city, Rio De Janeiro, is planning to allocate 1% of the city's treasury reserves to cryptocurrencies, also exploring applying discounts to tax payments made with bitcoin. "We were really inspired by Miami actually," Rio de Janeiro Economic Development Secretary Chicão Bulhões said of the move, sharing insights into what this means for the state of crypto in Brazil.
Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto
The mayor of Rio de Janeiro, Brazil’s second-most populous city, reportedly announced last week he plans to allocate 1% of the city’s treasury reserves to cryptocurrencies. Bruno Ramos de Sousa, Head of Global Expansion at Brazilian crypto asset manager Hashdex, shares insights into what this could mean for bitcoin adoption in Brazil.
Bitcoin Price: Still Room to Fall?
Bitcoin's price could continue to fall as the "death cross" pattern looms on its daily charts by some estimates. "All About Bitcoin" discusses BTC's possible outcomes next week and short-term signals to watch. Plus, an update on the state of crypto adoption in Rio de Janeiro, Brazil, as the city plans to invest 1% of its treasury into bitcoin.
US Treasury Department Prepares Stablecoin Report
U.S. Treasury officials are developing a report on stablecoins and their potential risks to the financial system to present to the President’s Working Group for Financial Markets. This allegedly follows last week’s meeting with representatives from financial institutions to discuss stablecoin regulations and other crypto issues.
