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.
House Republicans criticized what they described as the Biden administration’s "coordinated attack" on digital assets.
News that the Treasury Department is working on $1 coin featuring President Donald Trump drew ire from lawmakers.
Crypto-supportive Federal Reserve Vice Chair for Supervision Michelle Bowman is one of five candidates to lead the central bank.
Crypto critic Sen. Elizabeth Warren lambasted a stablecoin bill signed into law a few months ago in a letter to Treasury Secretary Bessent.
Coinbase urged the Treasury to create “safe harbors” for firms using tech-driven compliance, like AI and blockchain analytics.
K33's Head of Research expects patience to be rewarded, with past deleveraging events often marking market bottoms.