US Treasury

Highlights: The US Treasury has extended the GENIUS Act review, with feedback due by October 20. The US Treasury is seeking feedback on tax rules, foreign issuers, and the oversight balance for stablecoins. The Senate is to vote on the […]

Highlights: The US has sanctioned 19 Myanmar and Cambodian groups as part of efforts to protect Americans from forced labour exploitation scams. The US Treasury Department’s investigations show the entities operate with strong protection from the Karen National Army (KNA). […]

Highlights: FinCEN plans to block Huione Group from using the US financial system due to links with cybercrime networks. Huione Group processed over $4 billion in suspicious funds from scams and North Korean cyberattacks. Cambodia revoked Huione Pay’s license, and […]

Highlights: The US Treasury has noted that the case against the Tornado Cash lawsuit is moot. Coinbase has argued that delisting Tornado Cash does not end the case and warns sanctions could return later. Tornado Cash appeared on the MegaETH […]

Highlights: HUD is considering using blockchain to track federal grants in its systems. The agency is also considering using stablecoins for housing grants. Critics argue that introducing a new system will complicate operations at the agency. The U.S. Department of […]

Highlights: The US considers Bitcoin a strategic reserve asset due to its scarcity and long-term value. US Treasury will manage the crypto stockpile separately from Bitcoin. Trump included XRP, SOL, and ADA in the Crypto Reserve for their significant market […]

Highlights: The U.S. has sanctioned an Iranian national for running a darknet site that was used to sell drugs. Authorities seized Nemesis and stopped over $30 million in illegal drug transactions. Parsarad reached out to former vendors to try to […]

Highlights: Senator Lummis introduced legislation to establish a 1 million BTC reserve for the US. The bill aims to cut the national debt and secure America’s financial future. Lummis and Trump advocate for making the US a Bitcoin superpower. United […]

Highlights: US Treasury report identifies NFTs as potential channels for illicit finance like money laundering and terrorist financing. Despite broader market threats, most illegal finance activities still occur via traditional methods, not digital assets. Treasury recommends new regulatory measures for […]