News with the tag "Us Treasury Department"

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...

The US government relies on a network of computers to generate payments out of thin air, including some transactions that remain entirely undocumented, according to Elon Musk. In a new interview on Senator Ted Cruz’s Verdict podcast, Musk says the Department of Government Efficiency (DOGE) has now d...

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is blacklisting a handful of crypto addresses linked to a man known for allegedly running Nemesis, a now-defunct darknet marketplace. In a new press release, the OFAC says that it is sanctioning Iranian national Behrouz Parasad a...

A US Court has overturned the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctions imposed on crypto mixer Tornado Cash. The move comes after the Court of Appeals ruled in November that OFAC had overstepped its authority. Crypto Privacy Scores Major Win In a new victory for...

Two congressional Republicans are calling for a briefing from the US Treasury Department about the recent cyber breach by an alleged China backed hacker.

US President-elect Donald Trump plans to announce the US SEC Chair and Treasury Secretary this week, as per sources familiar with the matter. Trump considering replacing SEC Chair Gary Gensler with pro-crypto lawyer Teresa Goody Guillen. Meanwhile, Federal Reserve Governor Kevin Warsh and billionair...

Elon Musk has expressed his support for Howard Lutnick, CEO of Cantor Fitzgerald and Tether advocate, as the leading candidate for the U.S. Treasury Secretary position in Donald Trump’s administration. Musk emphasized that Lutnick is capable of enacting change, contrasting him with Scott Bessent, an...

BTC price approaches a new ATH of $90K today amid the ‘Trump trade’. President-elect Donald Trump’s leading pick for US Treasury Secretary Scott Bessent can trigger a Bitcoin rally towards $100K and higher. The odds of prominent investor Bessent becoming Treasury Secretary rose to 87%. Trump to Nomi...

In its most recent report examining the implications of digital assets, the US Treasury noted that the “growth in stablecoins has resulted in a modest increase in demand for short-dated Treasuries.” The 132-page report, released for the Treasury Borrowing Advisory Committee, discusses digital assets...

A recent report suggests that the US Vice President Kamala Harris is eyeing to appoint Gary Gensler as Treasury Department secretary if she wins the upcoming Presidential election. The report, citing several sources from the US Senate, has further sparked debates in the crypto market, given the SEC ...