Treasury Department
US Rings Crypto Warning Bell That Regulators Say Only Congress Can Silence
The latest report of the Financial Stability Oversight Council says the risky sector needs Congress to intervene, though crypto hasn’t yet posed a danger to the wider financial system.
Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision
Rep. Patrick McHenry. who chairs the committee in January, expressed his concerns in a letter to Treasury Secretary Janet Yellen.
Kraken Lays Off 30% of Global Staff Amid Crypto Winter
Crypto exchange Kraken is cutting 30% of its global workforce – around 1,100 people – in response to the crypto market downturn. This comes as it reached a settlement with the Treasury Department over serving customers in Iran. "The Hash" panel discusses the latest in a string of continued layoffs across the industry.
Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran
Kraken has agreed to pay $362,159 to settle its potential liability for violating U.S. sanctions.
Ethereum Blockchain Reaches New Censorship Milestone
The Ethereum blockchain reached a new censorship milestone Friday when 51% of the blocks produced over a 24-hour period followed the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) compliance recommendations. "The Hash" hosts discuss the continuous growth of censorship on Ethereum and what this means for the Ethereum ecosystem.
US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.
Here’s What’s In the White House’s Crypto Reports
The White House published six reports and a framework. Here’s what they said.
US Treasury to Recommend Issuing Digital Dollar if in National Interest: Source
The Treasury Department, in what may be its most important recommendation spurred by President Joe Biden’s executive order on crypto, will suggest how to move forward on a CBDC.
US Secretary of State Tweets, Deletes Claim That Crypto Mixer Tornado Cash Is North Korea-Sponsored
One hour and three minutes later, Anthony Blinken tweeted what the Treasury Department actually alleges: Tornado Cash was only used by a DPRK-sponsored group.
US Government Amps Up Inevitable Clash With Crypto Privacy in Tornado Cash Blacklisting
The Treasury Department says Tornado Cash abetted laundering of $7 billion, but that’s not likely to quiet crypto enthusiasts as they fight to stay anonymous.
