美国财政部
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👿Legislation to facilitate fines, I understand!
U.S. Treasury Secretary calls for crypto legislation on “non-security” tokens
On February 7, U.S. Treasury Secretary Janet Yellen stated at a hearing held by the House Financial Services Committee (HFSC) on Tuesday: "Congress should pass legislation to regulate stablecoins and the spot market of non-security crypto assets." Yellen acknowledged that current rules and regulations should also be enforced, citing various ways in which digital assets could affect the country's financial stability, including "runs" on trading platforms or stablecoin providers, as well as volatility in cryptocurrency markets. Regarding stablecoins, Yellen said that federal regulators should be able to shut down stablecoin issuers that do not meet the national "regulatory baseline" and that it is "critical" to provide regulatory protection for stablecoin wallet holders.
#耶伦 $BTC #美国财政部
U.S. Treasury Secretary calls for crypto legislation on “non-security” tokens
On February 7, U.S. Treasury Secretary Janet Yellen stated at a hearing held by the House Financial Services Committee (HFSC) on Tuesday: "Congress should pass legislation to regulate stablecoins and the spot market of non-security crypto assets." Yellen acknowledged that current rules and regulations should also be enforced, citing various ways in which digital assets could affect the country's financial stability, including "runs" on trading platforms or stablecoin providers, as well as volatility in cryptocurrency markets. Regarding stablecoins, Yellen said that federal regulators should be able to shut down stablecoin issuers that do not meet the national "regulatory baseline" and that it is "critical" to provide regulatory protection for stablecoin wallet holders.
#耶伦 $BTC #美国财政部
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U.S. Treasury Secretary Janet Yellen told a Senate Banking Committee hearing that the Treasury Department could use more powers to crack down on terrorist groups’ alleged use of cryptocurrencies. Yellen said that we do have a lot of power to take action, but we have found some loopholes in the power and made a series of suggestions on how to strengthen the power of the Treasury Department.
#耶伦 #美国财政部
#耶伦 #美国财政部
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US Treasury seeks secondary sanctions tool to crack down on cryptocurrency exchanges
The U.S. Treasury Department is seeking more powers to combat growing cryptocurrency abuse in countries including Iran, Russia and North Korea.
According to Bloomberg, Deputy Secretary of State Adewale Adeyemo emphasized in written testimony ahead of the Senate hearing that the government is facing challenges posed by malicious actors who are "increasingly seeking ways to hide their identities and use virtual currencies to transfer resources."
Adeyemo noted that terrorist groups and other actors are looking for "new ways to move resources" in response to efforts to limit their access to traditional financial systems. He pointed out that over the past year, Iran's Quds Force (a branch of the Iranian military) has used cryptocurrencies to fund radical terrorist groups such as Hamas and the Palestinian Islamic Jihad in Gaza. In addition, he mentioned that other national actors, including North Korea and Russia, are also turning to cryptocurrencies to circumvent sanctions.
According to Bloomberg, Deputy Secretary of State Adewale Adeyemo emphasized in written testimony ahead of the Senate hearing that the government is facing challenges posed by malicious actors who are "increasingly seeking ways to hide their identities and use virtual currencies to transfer resources."
Adeyemo noted that terrorist groups and other actors are looking for "new ways to move resources" in response to efforts to limit their access to traditional financial systems. He pointed out that over the past year, Iran's Quds Force (a branch of the Iranian military) has used cryptocurrencies to fund radical terrorist groups such as Hamas and the Palestinian Islamic Jihad in Gaza. In addition, he mentioned that other national actors, including North Korea and Russia, are also turning to cryptocurrencies to circumvent sanctions.
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U.S. Treasury imposes sanctions on Russian cryptocurrency firms supporting sanctions evasion
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced a new round of sanctions against crypto-related companies with ties to Russia. The measure is part of the U.S. government’s efforts to crack down on OFAC-designated entities evading sanctions through virtual asset services.
OFAC designates crypto companies linked to Russia
The U.S. Treasury Department recently designated 13 entities and 2 individuals, accusing them of facilitating transactions and providing cryptographic services to help it "evade sanctions."
The new designation targets companies that serve Russia’s core financial infrastructure and operate in the “financial services and technology sectors of the Russian Federation’s economy.”
OFAC designates crypto companies linked to Russia
The U.S. Treasury Department recently designated 13 entities and 2 individuals, accusing them of facilitating transactions and providing cryptographic services to help it "evade sanctions."
The new designation targets companies that serve Russia’s core financial infrastructure and operate in the “financial services and technology sectors of the Russian Federation’s economy.”
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US Treasury-approved exchange announces listing of XRP
With the latest news coming from the community, the price of XRP may be about to see even higher gains. The altcoin has been trading on major cryptocurrency exchanges since Judge Analisa Torres ruled that programmatic sales do not constitute securities sales, and now XRP has taken another step forward with the announcement of an exchange approved by the U.S. Treasury Department step.
XRP debuts on U.S. Treasury-approved exchange
On Saturday, March 16, Atlantis Exchange announced that it would list XRP for trading. The listing is significant for the altcoin as Atlantis Exchange is one of the few exchanges registered with the U.S. Treasury Department and the United Nations for trading cryptocurrencies.
XRP debuts on U.S. Treasury-approved exchange
On Saturday, March 16, Atlantis Exchange announced that it would list XRP for trading. The listing is significant for the altcoin as Atlantis Exchange is one of the few exchanges registered with the U.S. Treasury Department and the United Nations for trading cryptocurrencies.
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📣 Breaking! The U.S. Treasury is being sued for obtaining its financial data through DOGE, raising public concerns about privacy leaks
Big news from the U.S. again! The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) has sued the U.S. Treasury. Why? They claim the Treasury acted unlawfully by allowing Elon Musk's DOGE (Department of Government Efficiency) access to confidential government data, which seriously violates privacy laws!
To prevent further leaks of sensitive information, AFL-CIO has resorted to legal action. The lawsuit clearly states that individuals who are legally required to provide financial information to the government should never allow Elon Musk and the DOGE team to infringe upon their privacy rights. Privacy leaks are no trivial matter and must be taken seriously.
Earlier reports indicated that the special task force DOGE, led by Elon Musk during the Trump administration, actually gained access to critical databases of the Treasury, including sensitive information such as social security and Medicare payment systems. DOGE could retrieve taxpayer data, which is disturbing, and the public is generally concerned that they might misuse this data for political motives, thereby interfering with the federal payment system.
In response, Senator Ron Wyden wrote to Treasury Secretary Scott Bessen, expressing concerns that unauthorized operations could severely damage the economy. Sure enough, the Treasury has fallen into chaos; the acting deputy secretary, David Leibrecht, resigned in opposition to DOGE's access to the financial system, noting that the Treasury plays a critical role in government stability.
It is reported that the DOGE organization was established in November 2024, aiming to cut ineffective spending and redundant regulations, promote modernization of federal technology and software, and enhance government efficiency. Trump initially planned for Vivek Ramaswamy to co-lead with Musk, but Ramaswamy withdrew before the project launched.
Although the DOGE organization aims to cut government spending, vigilance is still necessary, as government data is not just numbers but relates to the lives and privacy of the public. If key data protection is mishandled, it could lead to catastrophic consequences. Therefore, relevant departments must strengthen coordination during regulatory processes to effectively protect privacy and ensure public data is not leaked.
💬 What are your thoughts on this? Leave a comment and discuss in the comment section!
#美国财政部 #法律风险 #DOGE #马斯克 #隐私风险
Big news from the U.S. again! The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) has sued the U.S. Treasury. Why? They claim the Treasury acted unlawfully by allowing Elon Musk's DOGE (Department of Government Efficiency) access to confidential government data, which seriously violates privacy laws!
To prevent further leaks of sensitive information, AFL-CIO has resorted to legal action. The lawsuit clearly states that individuals who are legally required to provide financial information to the government should never allow Elon Musk and the DOGE team to infringe upon their privacy rights. Privacy leaks are no trivial matter and must be taken seriously.
Earlier reports indicated that the special task force DOGE, led by Elon Musk during the Trump administration, actually gained access to critical databases of the Treasury, including sensitive information such as social security and Medicare payment systems. DOGE could retrieve taxpayer data, which is disturbing, and the public is generally concerned that they might misuse this data for political motives, thereby interfering with the federal payment system.
In response, Senator Ron Wyden wrote to Treasury Secretary Scott Bessen, expressing concerns that unauthorized operations could severely damage the economy. Sure enough, the Treasury has fallen into chaos; the acting deputy secretary, David Leibrecht, resigned in opposition to DOGE's access to the financial system, noting that the Treasury plays a critical role in government stability.
It is reported that the DOGE organization was established in November 2024, aiming to cut ineffective spending and redundant regulations, promote modernization of federal technology and software, and enhance government efficiency. Trump initially planned for Vivek Ramaswamy to co-lead with Musk, but Ramaswamy withdrew before the project launched.
Although the DOGE organization aims to cut government spending, vigilance is still necessary, as government data is not just numbers but relates to the lives and privacy of the public. If key data protection is mishandled, it could lead to catastrophic consequences. Therefore, relevant departments must strengthen coordination during regulatory processes to effectively protect privacy and ensure public data is not leaked.
💬 What are your thoughts on this? Leave a comment and discuss in the comment section!
#美国财政部 #法律风险 #DOGE #马斯克 #隐私风险
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💼The U.S. Treasury Department appoints a new crypto advisor: Promote stablecoin legislation and accelerate cryptocurrency regulation!
The U.S. Treasury Department has recently appointed Tyler Williams as a cryptocurrency advisor. His primary mission is to assist Congress in formulating stablecoin legislation. This move heralds a critical development in the field of digital currency regulation in the United States.
At a recent private digital asset event in Washington, D.C., Williams said that clear legal guidelines and a unified regulatory framework are critical to the stablecoin industry, which will not only enhance industry confidence, but also ensure that state and federal regulators operate under a consistent framework.
Williams emphasized that establishing clear legal guidelines for stablecoins will not only enhance industry confidence, but also ensure consistent regulatory approaches across jurisdictions. At the same time, as a former regulatory attorney for Galaxy Digital, Williams is optimistic about the future of the industry. He believes that this appointment by the Treasury Department has demonstrated that the United States is willing to introduce cryptocurrencies into the mainstream financial system in a responsible manner.
At the same event, Republican Congressman Bryan Steil of Wisconsin was also optimistic about the prospects for stablecoin legislation. He emphasized that this issue has won broad bipartisan support. Although the FIT21 bill has been successfully passed by the House of Representatives, Steil believes that in order to maintain legislative momentum and promote progress in the field of digital assets, the United States must "surpass other countries" and show stronger leadership and foresight.
Senator Bill Hagerty also proposed the "2025 United States Stablecoin National Innovation Guidance and Establishment Act" (GENIUS Act), which aims to bring crypto tokens pegged to the US dollar under the supervision of the Federal Reserve to define the responsibilities between the federal and state governments in regulating stablecoin issuers.
In general, the pace of cryptocurrency regulation in the United States is accelerating, which will not only help enhance market confidence, but also provide clearer guidance for industry development. I hope these efforts will make the cryptocurrency market healthier and more transparent!
💬 How much impact do you think the United States' accelerated stablecoin legislation will have on the cryptocurrency market? Will this bring major benefits to the cryptocurrency industry? Leave a message in the comment area to discuss!
#稳定币 #加密货币 #美国财政部 #FIT21 #GENIUS法案
The U.S. Treasury Department has recently appointed Tyler Williams as a cryptocurrency advisor. His primary mission is to assist Congress in formulating stablecoin legislation. This move heralds a critical development in the field of digital currency regulation in the United States.
At a recent private digital asset event in Washington, D.C., Williams said that clear legal guidelines and a unified regulatory framework are critical to the stablecoin industry, which will not only enhance industry confidence, but also ensure that state and federal regulators operate under a consistent framework.
Williams emphasized that establishing clear legal guidelines for stablecoins will not only enhance industry confidence, but also ensure consistent regulatory approaches across jurisdictions. At the same time, as a former regulatory attorney for Galaxy Digital, Williams is optimistic about the future of the industry. He believes that this appointment by the Treasury Department has demonstrated that the United States is willing to introduce cryptocurrencies into the mainstream financial system in a responsible manner.
At the same event, Republican Congressman Bryan Steil of Wisconsin was also optimistic about the prospects for stablecoin legislation. He emphasized that this issue has won broad bipartisan support. Although the FIT21 bill has been successfully passed by the House of Representatives, Steil believes that in order to maintain legislative momentum and promote progress in the field of digital assets, the United States must "surpass other countries" and show stronger leadership and foresight.
Senator Bill Hagerty also proposed the "2025 United States Stablecoin National Innovation Guidance and Establishment Act" (GENIUS Act), which aims to bring crypto tokens pegged to the US dollar under the supervision of the Federal Reserve to define the responsibilities between the federal and state governments in regulating stablecoin issuers.
In general, the pace of cryptocurrency regulation in the United States is accelerating, which will not only help enhance market confidence, but also provide clearer guidance for industry development. I hope these efforts will make the cryptocurrency market healthier and more transparent!
💬 How much impact do you think the United States' accelerated stablecoin legislation will have on the cryptocurrency market? Will this bring major benefits to the cryptocurrency industry? Leave a message in the comment area to discuss!
#稳定币 #加密货币 #美国财政部 #FIT21 #GENIUS法案
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