Treasury

There are still no formal plans for a US digital dollar, with the Treasury continuing to explore what a CBDC might look like

The FSOC’s proposed nonbank framework will “enhance” ability to “address financial stability risks”

Rep. Tom Emmer has urged Janet Yellen’s Treasury office to expand on its Tornado Cash sanctions, saying “expectation of privacy is normal”

Tether whales rushed to redeem $16 billion in USDT following the collapse of Terra’s algorithmic stablecoin, rivaling history’s largest bank runs

Industry members weigh in on how the fall of TerraUSD might affect government policy relating to a central bank digital currency

The framework legislators should use for stablecoins has already been introduced, Yellen said

The UST situation is real-time proof that lawmakers’ concerns about stablecoins are not unfounded

UST’s crash was only just beginning when Yellen appeared before senators Tuesday morning

The Treasury will issue a “comprehensive report” on cryptocurrencies and stablecoins “shortly,” Yellen said

In its first sanction against a crypto mixing service, the Treasury targets Blender.io, which it says was used in the Ronin Network breach

Hackers stole $625 million last month from the Ronin Network, a sidechain used for play-to-earn game Axie Infinity

MicroStrategy’s CEO calls US Treasury Secretary’s speech on digital assets last week a “green light” for the crypto economy

The Treasury secretary reiterated the goals of President Biden’s recent executive order on digital assets and highlighted areas most in need of regulation

Traditional finance, which has a long history of adapting to regulatory changes, is seemingly gaining momentum as a trusted provider of specialized crypto products and services

Sanctions aimed at deterring further conflict between Ukraine and Russia may be undermined by crypto, Democrats said Wednesday

As some lawmakers continue to push for stablecoins to be issued by only banks, one representative said ensuring stablecoins have sound reserves is more important

Some representatives, however, said the move would crowd crypto-native stablecoin issuers out of the market

President Biden is expected to make the executive branch’s stance on cryptocurrency more clear

Like the IRS in the mainland US, the Puerto Rican tax authority hasn’t issued definite guidance on crypto.

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