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 traces Axie Infinity’s Ronin network attack to North Korean ‘Lazarus Group’
The US Treasury Department claims that Lazarus, a North Korean hacker group, is responsible for a $600 million crypto theft through the Axie Infinity-linked Ronin bridge. On Thursday, the US Treasury Department added an Ethereum address to its list of sanctioned entities. The address “was implicated in the Ronin hack,” according to Chainalysis, a crypto […]
US Treasury reportedly considers the regulation of stablecoins
The US Treasury Department has apparently explored potential regulation for private stablecoins, despite the market’s expansion. The officials are studying the risks involved if too many people decide to withdraw their stablecoins all at once. According to Reuters, the Treasury held numerous meetings last week to assess the dangers of stablecoins to users, markets, and […]