US Treasury to Monitor Libra Over Possible Financial Risks
The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress.
Former CFTC Chair Gary Gensler, who's leading Joe Biden's financial oversight team, may be tapped as Deputy Treasury Secretary.
Janet Yellen wasn’t a fan of bitcoin when she ran the Fed. Her views as Treasury Secretary may shape crypto regulation over the next four years.
Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide.
Former Fed Chair Janet Yellen is expected to be tapped to run the Treasury Department, where she would oversee federal agencies that impact crypto.
The U.S. Office of Foreign Asset Control has sanctioned four Chinese residents, claiming they helped launder drug proceeds using bitcoin.