Treasury Secretary Scott Bessent says OFAC sanctioned multiple Iran-linked crypto wallets, freezing over $130 million.
The U.S. and UK are deepening cooperation on digital assets, particularly for stablecoins and tokenized assets.
JPMorgan analysts said the crypto market structure bill, or Clarity Act, may have only a narrow window for passage this year.
Treasury Secretary Scott Bessent said the department is moving at a "deliberate speed" to establish a strategic bitcoin reserve.
The bill would require quarterly public proof-of-reserve disclosures and third-party audits of government bitcoin holdings.
Binance is required to comply with monitoring program as part of pleading guilty to charges in 2023 related to sanctions and money laundering.
The move comes a day after Tether froze $344 million worth of USDT, which has now been linked to Iran, CNN reported.
Blumenthal asked about the status of a monitor put in place after Binance pleaded guilty and if that person had filed any misconduct reports.
Coinbase CEO Brian Armstrong backed passing the Clarity Act after the firm previously withheld support for earlier versions of the bill.
Members of the public will have 60 days to respond to the Treasury’s notice of proposed rulemaking in the Federal Register.
U.S Treasury sanctioned DPRK IT facilitators linked to crypto laundering networks that generated nearly $800 million for Pyongyang in 2024.
A congressional report on implementing the Genius Act acknowledges the existence of lawful uses for blockchain privacy tools even as U.S. regulators pursue enforcement cases tied to illicit finance.
Treasury disclosed data showing that since May 2020, more than $1.6 billion in deposits from mixing services flowed into crypto bridges.
Top Republican Rep. French Hill has some advice for his colleagues in the Senate on how to unstick its stablecoin yield problem.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Senate Democrats are urging AG Pam Bondi to investigate Binance following reports that the crypto giant may be violating sanctions laws.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The latest inquiry lands amid broader Democratic pressure over Trump-linked crypto activity and World Liberty Financial.
Treasury Secretary Scott Bessent came under intense scrutiny from lawmakers during a contentious House hearing Wednesday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Treasury Secretary Scott Bessent reaffirmed President Trump’s commitment to positioning the U.S. as a global leader in crypto innovation.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Galaxy Research says illicit finance provisions in the Senate Banking draft go far beyond the House’s Clarity Act.
The updates allow traditional money market funds to plug into blockchain-based settlement and record-keeping systems.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The founder of ARK Invest said crypto was 'part of the reason [Trump] won the presidency,' and could be a politically salient midterm topic.
Community bankers are pressing lawmakers to draw clear boundaries for yield-generating stablecoins, arguing it could draw away deposits.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Williams has helped cement crypto gains in Congress alongside White House allies.
After passing a major stablecoin bill into law, Congress is racing to write the rules, with one lawmaker urging them to move quickly.