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.
The U.S. Senate confirmed Jonathan McKernan, who has been critical of crypto debanking, to a top position at the Treasury Department.
Top financial officials in the U.S. and UK launch a joint task force aimed at developing policy recommendations for digital assets.
GENIUS passed both Republican-led chambers of the U.S. Congress in July with the backing of President Donald Trump.
In a letter sent to AG Pam Bondi on Thursday, Senators argue the DOJ and Treasury Department did not adequately reply to earlier questions.
The U.S. and the UK plan to collaborate on cryptocurrency oversight, including potentially establishing a "cross-border sandbox," FT reports.
Binance agreed to a compliance monitorship as part of its plea deal with the DOJ in 2023 over money-laundering and sanctions violations.
Treasury asked for public input on what approach financial institutions should take to combat illicit activity involving cryptocurrencies.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bessent reiterated that the government would not sell bitcoin currently in the reserve, valuing it at $15 to $20 billion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Treasury's FinCEN warned financial institutions to be on the lookout for bad actors using cryptocurrency ATMs.
Many in the crypto industry expressed enthusiasm for the President's Working Group's report released on Wednesday.