Latest News and Articles about U.S. Treasury
U.S. Treasury Embraces Crypto, Aims for Global Leadership with Stablecoins
America Goes Big on Crypto: From Industry Starvation to Global Leadership The U.S. government is shifting gears, moving from neglect to a supportive stance on digital assets. Treasury Secretary Scott Bessent aims to make the U.S. a global leader in cryptocurrency through regulatory clarity and a focus on stablecoins. U.S. Treasury shifts to crypto support […]
Read MoreU.S. Treasury Sanctions Karen National Army and Huione Group Over $4B Crypto Scam
U.S. Treasury Targets Burmese Militia and Cambodian Group in Crypto Scam Crackdown The U.S. Department of the Treasury has launched a significant offensive against cryptocurrency fraud, imposing sanctions on the Karen National Army (KNA), a Burmese militia group, and flagging the Huione Group in Cambodia for laundering over $4 billion in illicit funds. These actions […]
Read MoreU.S. Treasury Sanctions Huione Group for Laundering $4 Billion Tied to North Korea
U.S. Treasury Targets Huione Group: Sanctions Over North Korea Crypto Laundering Ties The U.S. Department of the Treasury has implemented sanctions to sever the Cambodia-based Huione Group’s access to the U.S. financial system, citing its involvement in laundering billions of dollars linked to North Korean cybercrime and online fraud schemes. U.S. Treasury aims to block […]
Read MoreU.S. Treasury Targets Huione Group for Alleged $4B Crypto Laundering Scheme
U.S. Treasury Proposes Rule to Block Huione Group Over Alleged $4 Billion Crypto Laundering The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has taken decisive action against the Cambodian conglomerate, Huione Group, labeling it a “major target for money laundering investigations” due to its alleged involvement in laundering over $4 billion in illicit funds. This […]
Read MoreU.S. Treasury Sanctions Houthi Rebels’ Crypto Wallets to Disrupt Terrorist Funding
U.S. Treasury Targets Houthi Rebels’ Crypto Wallets in Bid to Disrupt Terrorist Financing The U.S. Department of the Treasury has taken decisive action against the Iran-backed Houthi rebels, sanctioning eight cryptocurrency wallets linked to a financial network led by Sa’id al-Jamal. This move aims to sever the financial lifelines that have enabled the Houthis to […]
Read MoreTether’s $33.1B Treasury Buyout: Dominating Stablecoins and Facing U.S. Regulatory Hurdles
Tether’s $33.1 Billion Treasury Buyout: A Power Move in the Crypto World In 2024, Tether, the issuer of the USDT stablecoin, emerged as the seventh-largest buyer of U.S. Treasury securities, surpassing nations like Germany, Canada, and Mexico with a net purchase of $33.1 billion. This bold move into the Treasury market not only showcases Tether’s […]
Read MoreCoinbase CLO Slams U.S. Treasury Over Slow Tornado Cash Sanctions Removal
Coinbase CLO Criticizes U.S. Treasury Over Tornado Cash Ruling Coinbase’s Chief Legal Officer, Paul Grewal, has openly criticized the U.S. Treasury Department for its reluctance to fully comply with a Fifth Circuit court ruling that mandated the removal of Tornado Cash from the sanctions list. The decision highlighted the non-property status of Tornado Cash’s immutable […]
Read MoreCardano’s Charles Hoskinson Proposes Blockchain Audit for U.S. Treasury’s $7T Budget
Hoskinson Proposes Cardano as an Audit Layer for U.S. Treasury’s $7 Trillion Budget The U.S. government’s $7 trillion budget is a behemoth that could benefit from blockchain’s transparency and efficiency. Cardano founder Charles Hoskinson has proposed using Cardano’s blockchain as an audit layer for the Treasury, offering a solution that could revolutionize government spending oversight. […]
Read MoreTornado Cash Developer Alexey Pertsev Released After 9 Months: Privacy vs. Regulation Clash
Tornado Cash Developer Alexey Pertsev Walks Free After Nine Months in Prison Alexey Pertsev, the developer behind Tornado Cash, a tool designed to bolster cryptocurrency privacy, has been released from prison after serving nine months. This significant event underscores the ongoing battle between privacy rights and regulatory oversight in the crypto world, especially after Tornado […]
Read MoreArthur Hayes Warns: BSR Could Be Political Weapon, Proposes Treasury Bitcoin Plan
The Genie: Arthur Hayes’ Vision for Bitcoin and U.S. Treasury Arthur Hayes, a notable figure in the cryptocurrency space, has unleashed a sharp critique on the industry’s aspirations for a Bitcoin Strategic Reserve (BSR) and comprehensive regulation in the U.S. He argues that these desires are shortsighted and potentially harmful, proposing an alternative vision where […]
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