News with the tag "U.S Treasury"

Elon Musk’s Department of Government Efficiency (D.O.G.E) has its next mission: find out if Fort Knox actually holds the 4,580 tons of gold it claims to have. Elon was pulled into the debate today when an X user asked him to check if the US gold reserves still exist. Elon responded , “Surely it’s re...

New Mexico Senator Anthony Thornton has filed Senate Bill 275 (SB 275) dubbed the “Strategic Bitcoin Reserve Act”. The bill makes New Mexico join other states that are also working to establish Bitcoin Reserves for their respective treasury departments. New Mexico has introduced Senate Bill 275 (SB ...

French Hill, the U.S. House Financial Services Committee Chair, and Bryan Steil, the Digital Assets Subcommittee Chair, released a discussion draft of a bill to regulate stablecoins. The proposed Stable Act of 2025 will impose a two-year ban on stablecoins solely backed by self-issued digital assets...

Scott Bessent, president Donald Trump’s handpicked Treasury Secretary, put an end to the speculation during a Wednesday interview on Fox Business. The president is not pressuring the Federal Reserve to cut interest rates, Scott said. Instead, he claims that the administration’s focus is laser-locked...

Scott Bessent, billionaire hedge fund manager and outspoken crypto lover, has been confirmed as the next US Treasury Secretary by the Senate on Jan. 27. The vote ended with 68 in favor and 29 opposed, giving President Donald Trump a powerful ally in executing his economic reforms, as well as crypto-...

Senator Elizabeth Warren brought the heat ahead of Treasury Secretary nominee Scott Bessent’s confirmation hearing scheduled for Thursday. The Massachusetts senator sent Bessent a scathing 31-page letter packed with questions demanding clarity on his plans for crypto oversight, financial deregulatio...

According to the CNBC Treasury yields monitoring tool, Treasury yields continue to dip as the U.S. financial space awaits the next inflation rate, consumer price index, and producer price data on November 13. The data, based on the economy’s performance in October, will shed light on the U.S. econom...

Unconfirmed reports have surfaced that Vice President Kamala Harris could name SEC Chairman Gary Gensler as Treasury Secretary if she wins the November presidential election.

The U.S. Treasury Department has released its first-ever risk assessment on NFTs, stating that they are highly likely to be associated with fraud and scams. The 29-page report also notes that although NFTs are not often associated with terrorist financing, they are vulnerable to being used as money ...

The United States Treasury Department is trying to get more potential to prevent the use of cryptocurrency by any groups that are concerned with Iran, Russia, and North Korea for the use of. The deputy secretary, Adewale Adeyemo, had attention during his statement in Senate Hearing on the government...