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US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
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US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
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US Treasury's Sanctions Office Hacked By Chinese Government: Report
Chinese government hackers breached the U.S. Treasury office that administers economic sanctions, the Washington Post reported on Wednesday, identifying targets of a cyberattack Treasury disclosed earlier this week.
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All About String Of Cybersecurity Breaches In US That Were Blamed On China
The United States recently said that hackers, linked to the Chinese government, breached the US Treasury Department's computer security guardrails in early December and stole unclassified documents.
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US Treasury Says Was Targeted By China State-Sponsored Cyberattack
The US Treasury Department said Monday that a China state-sponsored actor was behind a cyber breach resulting in access to some of its workstations, according to a letter to Congress seen by AFP.
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Scott Bessent, Donald Trump's US Treasury Pick, Fuels Global Relief Rally Vs Dollar
The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.
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Lutnick’s Cantor in Talks With Tether About $2 Billion Bitcoin Lending Project
Tether currently uses Cantor’s custody business to hold the billions of dollars of US Treasuries that support the value of its dominant USDT stablecoin. That custody relationship earns Cantor tens of millions of dollars a year, according to people familiar with the matter.
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Budget, Debt: Donald Trump's Treasury Chief Faces Urgent Challenges
One pressing concern for Scott Bessent will be "how to navigate a desire for more protectionism while avoiding a global trade war," EY chief economist Gregory Daco said.
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Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
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US Set To Announce "Strong New Sanctions" Aimed At Russia: Treasury Secretary
The United States is set to announce "strong new sanctions" as early as next week, with targets including parties in countries that support Russia's military, Treasury Secretary Janet Yellen said Tuesday.
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US Expands Sanctions Against Iran In Response To Missile Attack On Israel
The United States on Friday expanded sanctions against Iran's petroleum and petrochemical sectors in response to Iran's missile attack on Israel, the Treasury Department said.
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US Treasure Secretary Says Ties With China "Closer" Despite Tariffs
US Treasury Secretary Janet Yellen said in an interview Thursday that Washington's economic ties with Beijing are closer now despite recent tariff hikes, with both sides cooperating in areas like financial stability.
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US Sanctions Chinese Individuals Over COVID-Related Fraud, Bomb Threats
The US Treasury on Tuesday sanctioned three Chinese individuals and three Thai companies for involvement in a cybercrime network that it said made bomb threats and fraudulent applications for COVID-related aid, costing government billions of dollars.
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China Slams US' "Fear-Mongering" After Criticism Over Excess Manufacturing
U.S. Treasury Secretary Janet Yellen comments on China's excess manufacturing capacity seek to rehash "China threat" rhetoric and appear to create a pretext for more protectionist policies from the U.S., Chinese state media said.
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US Urges India To Maintain Implementation Of Russian Oil Price Cap
Two senior US treasury officials are in India to urge New Delhi to maintain the implementation of the oil price cap aimed at limiting profits to Russia, while also promoting stable global energy markets.
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US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
-
US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash
On January 21, the US District Court for the Western District of Texas reversed OFAC’s sanctions against Tornado Cash. The US Treasury’s Office of Foreign Assets Control (OFAC) levied sanctions against the platform in 2022 for allegedly becoming a solution for money launderers to move illegal funds around.
-
US Treasury's Sanctions Office Hacked By Chinese Government: Report
Chinese government hackers breached the U.S. Treasury office that administers economic sanctions, the Washington Post reported on Wednesday, identifying targets of a cyberattack Treasury disclosed earlier this week.
-
All About String Of Cybersecurity Breaches In US That Were Blamed On China
The United States recently said that hackers, linked to the Chinese government, breached the US Treasury Department's computer security guardrails in early December and stole unclassified documents.
-
US Treasury Says Was Targeted By China State-Sponsored Cyberattack
The US Treasury Department said Monday that a China state-sponsored actor was behind a cyber breach resulting in access to some of its workstations, according to a letter to Congress seen by AFP.
-
Scott Bessent, Donald Trump's US Treasury Pick, Fuels Global Relief Rally Vs Dollar
The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.
-
Lutnick’s Cantor in Talks With Tether About $2 Billion Bitcoin Lending Project
Tether currently uses Cantor’s custody business to hold the billions of dollars of US Treasuries that support the value of its dominant USDT stablecoin. That custody relationship earns Cantor tens of millions of dollars a year, according to people familiar with the matter.
-
Budget, Debt: Donald Trump's Treasury Chief Faces Urgent Challenges
One pressing concern for Scott Bessent will be "how to navigate a desire for more protectionism while avoiding a global trade war," EY chief economist Gregory Daco said.
-
Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
-
US Set To Announce "Strong New Sanctions" Aimed At Russia: Treasury Secretary
The United States is set to announce "strong new sanctions" as early as next week, with targets including parties in countries that support Russia's military, Treasury Secretary Janet Yellen said Tuesday.
-
US Expands Sanctions Against Iran In Response To Missile Attack On Israel
The United States on Friday expanded sanctions against Iran's petroleum and petrochemical sectors in response to Iran's missile attack on Israel, the Treasury Department said.
-
US Treasure Secretary Says Ties With China "Closer" Despite Tariffs
US Treasury Secretary Janet Yellen said in an interview Thursday that Washington's economic ties with Beijing are closer now despite recent tariff hikes, with both sides cooperating in areas like financial stability.
-
US Sanctions Chinese Individuals Over COVID-Related Fraud, Bomb Threats
The US Treasury on Tuesday sanctioned three Chinese individuals and three Thai companies for involvement in a cybercrime network that it said made bomb threats and fraudulent applications for COVID-related aid, costing government billions of dollars.
-
China Slams US' "Fear-Mongering" After Criticism Over Excess Manufacturing
U.S. Treasury Secretary Janet Yellen comments on China's excess manufacturing capacity seek to rehash "China threat" rhetoric and appear to create a pretext for more protectionist policies from the U.S., Chinese state media said.
-
US Urges India To Maintain Implementation Of Russian Oil Price Cap
Two senior US treasury officials are in India to urge New Delhi to maintain the implementation of the oil price cap aimed at limiting profits to Russia, while also promoting stable global energy markets.
