US Launches $50B Treasury Buyback as 50 bps Fed Rate Cut Looms
On August 6, the U.S. government will begin a massive $50 billion Treasury buyback program, coinciding with concerns about an emergency Fed rate cut. On Tuesday, August 6, 2024, the United States will initiate its ambitious Treasury buyback program. This initiative aims to acquire $50 billion in Treasury securities every month. Moreover, it comes at a […]
Crypto Industry Pushes Back on Treasury’s Proposed Regulations
The crypto industry has expressed its concerns and objections to the U.S. Treasury’s proposed regulations, which aim to align crypto reporting standards with those of traditional financial instruments. The industry claims that the regulations are too broad, vague, and unconstitutional. The U.S. Treasury’s plan to impose stricter reporting standards on crypto brokers has faced strong […]
Treasury Official Suggests CBDCs Should Have Privacy, Anonymity
US Treasury official Graham Steele at a Texas payments conference, stated that the design of a digital dollar and central bank digital currencies (CBDCs) should take privacy and the ability to conduct transactions anonymously into account. Graham Steele, assistant secretary for financial institutions at the Treasury Department, spoke at a payments-focused conference in Texas on […]
US Treasury calls for stricter regulations for nonbank institutions
Following the recent crisis in the United States banking sector, the US Treasury and some prominent U.S. financial authorities have called for new rules to make it simpler for the Federal Reserve to identify nonbank institutions and supervise and control them. In remarks at the Financial Stability Oversight Council (FSOC) Council Meeting on April 21, […]
Mango Markets Receives New Ultimatum From Exploiter
The hacker says he will send back the stolen MSOL, SOL, and MNGO if Mango Markets agrees to pay back bad debts with USDC from its treasury. The bad trader who recently used a scam to steal $100 million from Solana-based decentralized finance (DeFi) lending protocol called Mango Markets has given the community an ultimatum. […]