News with the tag "Treasury Department"

Ripple CEO Brad Garlinghouse has called for urgent legislative clarity around digital assets and stablecoins in the United States. This comes in response to US Treasury Secretary Scott Bessent’s comments on the stalled progress of the GENIUS Act in the Senate. The proposed bill failed to pass a Sena...

Crypto enthusiasts and digital rights advocates have taken to social media to lambast United States Secretary of the Treasury Scott Bessent’s assertion that the global crypto industry “needs American leadership” to thrive. This follows the Senate’s failure to advance the GENIUS Act, a bill designed ...

U.S. Senator Cynthia Lummis has expressed her views on digital assets, saying they are the future and the U.S. needs to either embrace them or fall behind. U.S. Treasury Secretary Scott Bessent also noted on Wednesday he believes the U.S. should be the premier destination for digital assets. Lummis ...

The Federal Reserve has morphed into the country’s most dangerous economic wildcard. It acts like it knows everything, crashes through guardrails, and shrugs off the damage like it doesn’t care. Just like Trump, it jumps headfirst into crisis after crisis, refuses to clean up its own mess, and keeps...

Tokenized treasuries products enjoyed significant growth during April, with investors injecting more than $1 billion into the sector since April 1. The funds are enjoying a banner year, with the TVL of tokenized treasuries sitting at nearly $6.16 billion after jumping 78% from late January’s local l...

The Treasury Department on Monday said it will need to borrow $514 billion between April and June, blowing past the $123 billion it forecast in February, according to a statement. The department blamed the spike on starting the quarter with way less cash than expected, a direct hit from Congress sti...

US Treasury Secretary Scott Bessent said early talks with Japan and South Korea this week were “productive,” according to Reuters on Friday. After meeting with Japanese Finance Minister Katsunobu Kato in Washington, Bessent said he “welcomed the strong start” between the two countries as they opened...

The dollar is headed for its first weekly gain since mid-March on April 25 after China issued some tariff exemptions for U.S. imports. Beijing granted tariff exemptions, hoping the trade war between the world’s two largest economies may be closer to easing. The dollar surged against several currenci...

Saifedean Ammous, author of The Bitcoin Standard , has criticized President Donald Trump’s fiscal maneuvers, calling the administration’s attempt to manipulate the bond market a catastrophic misread of basic economic principles. In an April 24 thread on X, Ammous argued that Trump’s tariff-driven st...

The US Treasury Department officially clarified that the Tornado Cash crypto mixing service is no longer on the Specially Designated Nationals (SDN) list. The move comes after a federal court in late 2024 passed a verdict that the immutable smart contracts on the protocol could not be regarded as “p...