US Treasury

MakerDAO founder Rune Christensen (CoinDesk TV)

The decentralized autonomous organization behind the DAI token previously purchased $500 million worth of government notes and bonds.

By Brandy Betz

Mar 7, 2023 at 5:15 p.m. UTC

Mar 7, 2023

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The U.S. Treasury Department is seeking public comment on the role of cryptocurrencies in illicit finance, and its own response to this issue. (Nikhilesh De/CoinDesk)

US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance

The Treasury Department listed a number of questions, asking the general public to weigh in on how it’s approaching cryptocurrencies and their possible role in illegal activities.

By Nikhilesh De

Sep 19, 2022 at 3:37 p.m. UTC

Sep 19, 2022

RegulationsUS TreasuryTornado CashPrivacyExclusive US

US Treasury Blacklists Several More Bitcoin Addresses Allegedly Tied to Iran Ransomware Attacks

The sanctions watchdog agency added several bitcoin addresses allegedly used in ransomware attacks to its blacklist.

By Nikhilesh De Danny Nelson

Sep 14, 2022 at 3:08 p.m. UTC

Sep 14, 2022

RegulationsSanctionsIranRansomwareOFACUS Treasury

MakerDAO Founder: US Ban of Tornado Cash is ‘Useless’ and ‘Pointless’

MakerDAO founder Rune Christensen discusses his take on the U.S. Treasury department’s sanction of crypto mixer Tornado Cash, explaining why it’s “useless and pointless” and goes against the ethos of the crypto industry.

By CoinDesk Staff

Aug 11, 2022 at 3:41 p.m. UTC

Aug 11, 2022

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Elliptic Exec Breaks Down the Tornado Cash Saga

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Cdtv

Elliptic Exec Breaks Down the Tornado Cash Saga

Blockchain analytics firm Elliptic calculates $1.54 billion in ether (ETH) and USD Coin (USDC) were laundered through Tornado Cash, the crypto mixer now sanctioned by the U.S. Treasury department. Elliptic Director of Regulatory Affairs David Carlisle dives into the numbers and the key takeaways for the wider crypto markets.

By CoinDesk Staff

Aug 10, 2022 at 7:49 p.m. UTC

Aug 10, 2022

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Americans Banned From Using Crypto-Mixing Service Tornado Cash

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Cdtv

Americans Banned From Using Crypto-Mixing Service Tornado Cash

The U.S. Treasury Department banned all Americans from using decentralized crypto mixing service Tornado Cash on Monday. The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.

By CoinDesk Staff

Aug 8, 2022 at 4:53 p.m. UTC

Aug 8, 2022

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Digital Assets, From Regulation to Innovation in Federal Policy

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Digital Assets, From Regulation to Innovation in Federal Policy

Wally Adeyemo, deputy secretary of the U.S. Treasury joins Consensus 2022 to discuss the state and outlook for regulation and policy of digital assets. Moderator: Nik De, CoinDesk managing editor, global policy and regulation.

By CoinDesk Staff

Jun 16, 2022 at 9:25 p.m. UTC

Jun 16, 2022

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Wally Adeyemo, deputy secretary of the U.S. Treasury, at Consensus 2022 in Austin, Texas

Policy

Regulations

Unhosted Crypto Wallet Rules Will Allow Innovation, US Treasury Official Vows

Storing crypto anonymously outside regulated venues lets people bypass sanctions and anti-money laundering checks, Deputy Secretary Wally Adeyemo said at Consensus 2022.

By Jack Schickler

Jun 10, 2022 at 5:51 p.m. UTC

Jun 10, 2022

RegulationsUnhosted WalletsUS TreasurySanctionsMoney LaunderingKYCConsensus 2022

Treasury Secretary Yellen: US CBDC Would Require Years of Development, Not Months

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Regulation

Treasury Secretary Yellen: US CBDC Would Require Years of Development, Not Months

In her first speech on digital assets, Treasury Secretary Janet Yellen highlighted several lessons she believes apply to the Treasury’s work on digital assets: how the financial system “benefits from responsible innovation,” how regulation needs to keep up with innovation, how rules should focus on the risks of activities rather than technologies and more.

By CoinDesk Staff

Apr 7, 2022 at 7:04 p.m. UTC

Apr 7, 2022

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