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U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

Regulations

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

President Joe Biden unveiled his 2023 budget proposal on Thursday.

By Nikhilesh De

Mar 9, 2023 at 11:02 p.m. UTC

Mar 9, 2023

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Policy

Regulations

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

The U.S. President is expected to unveil his budget proposal on Thursday.

By Nikhilesh De

Mar 9, 2023 at 5:26 a.m. UTC

Mar 9, 2023

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Policy

Regulations

Biden Wants to Know More About Crypto

The Biden administration’s approach to crypto continues to take shape, and it still doesn’t look like any sort of outright ban is on the table.

By Nikhilesh De

Oct 12, 2021 at 3:30 p.m. UTC

Oct 12, 2021

regulationsJoe BidenU.S. Treasury DepartmentNewslettersState of Crypto

(Stefani Reynolds/Bloomberg via Getty Images)

Policy

Newsletters

The US Inches Closer to Stablecoin Rules

The question now shifts from “How will the U.S. government regulate stablecoins?” to “What will stablecoin issuers have to do?”

By Nikhilesh De

Oct 5, 2021 at 1:30 p.m. UTC

Oct 5, 2021

NewslettersState of CryptoU.S. Treasury DepartmentRegulationTether

Treasury Secretary Janet Yellen (L) and Fed Chair Jerome Powell (Kevin Dietsch/Getty Images)

Policy

Federal reserve

Digital Dollar Needs Legislative Support, Fed Chair Says

The issue of CBDCs and financial privacy were featured during Tuesday’s contentious Senate Banking Committee hearing.

By Cheyenne Ligon

Sep 28, 2021 at 8:49 p.m. UTC

Sep 28, 2021

Federal ReserveJerome PowellJanet YellenU.S. Treasury DepartmentDigital DollarCBDCs

Deputy Treasury Secretary Adewale Adeyemo (Alex Wong/Getty Images)

Policy

Regulations

US Sanctions Enforcer Blacklists a Crypto Exchange for First Time

The Treasury’s Office of Foreign Assets Control labeled Suex.io a “specially designated national,” putting the exchange in a category with suspected terrorists.

By Nikhilesh De

Sep 21, 2021 at 2:30 p.m. UTC

Sep 21, 2021

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U.S. President Joe Biden (Al Drago/Getty Images)

Policy

Ransomware

Biden Administration Plans Cryptocurrency Sanctions to Combat Ransomware

It’s unclear how specifically the U.S. government will seek to mitigate ransomware payments.

By Nikhilesh De

Sep 20, 2021 at 4:21 p.m. UTC

Sep 20, 2021

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Treasury Secretary Janet Yellen (Drew Angerer/Getty Images)

Policy

U.s. treasury department

US Treasury Turns Its Gaze to Stablecoin Issuers

Stablecoin transactions and their impact on financial stability are top-of-mind for Treasury officials

By Nikhilesh De

Sep 17, 2021 at 4:22 p.m. UTC

Sep 17, 2021

U.S. Treasury DepartmentJanet YellenSEC

Business

U.s. treasury department

US Treasury Officials, Financial Industry Executives Met to Discuss Stablecoins: Report

In meetings this week, the officials and executives discussed regulation and related topics.

By James Rubin

Sep 10, 2021 at 11:45 p.m. UTC

Sep 10, 2021

U.S. Treasury DepartmentStablecoinsFinancial Services

Markets

Janet yellen

Fed Director Michael Hsu to Succeed Brian Brooks at OCC

Hsu was part of the Fed's bank supervision division. Brooks, now CEO of Binance.US, pushed crypto-friendly rules while in D.C.

By Nikhilesh De

May 7, 2021 at 1:33 p.m. UTC

May 7, 2021

Janet YellenOCCBrian BrooksU.S. Treasury DepartmentMichael Hsu