Senator Warren urges Trump’s Treasury pick to consider stricter crypto regs
One crypto executive speculates Warren’s letter is a veiled attempt to justify an expansion of regulation against “neutral crypto technology providers.” Go to Source
Treasury Secretary
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Treasury Pick Holds Up to $500K in Blackrock Bitcoin ETF, Vows to Divest Over Conflicts
A Treasury nominee’s six-figure stake in Blackrock’s bitcoin ETF reveals crypto’s grip on elite portfolios, raising stakes for future U.S. economic policy decisions. Blackrock Bitcoin ETF in Spotlight as Bessent’s Financial Ties Unveiled Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, has disclosed a personal investment of between $250,001 and $500,000 in Blackrock’s bitcoin … Read more
Trump Picks ‘Most Pro-Crypto’ Treasury Secretary: Ripple CEO Declares Him the Perfect Choice
President-elect Donald Trump has picked Scott Bessent as the new Treasury Secretary. Ripple’s CEO called him “the perfect pick” for advancing crypto and innovation. ‘He Will Be the Most Pro-Innovation, Pro-Crypto Treasury Secretary We’ve Ever Seen’ President-elect Donald Trump has nominated Scott Bessent, known for his support of cryptocurrency innovation, to replace Janet Yellen as … Read more
Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post
Lutnick has become increasingly visible to the crypto community due to his relationship with Tether and his appearance at Bitcoin 2024. Go to Source
Trump’s leading pick for Treasury Secretary is ‘very pro-crypto’
As Scott Bessent and John Paulson emerge as leading candidates for US Treasury Secretary, the community is curious about their stance on crypto. Go to Source
US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the … Read more
New law grants US president power to block digital asset access
A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users. Go to Source
US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense
U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control,” Yellen told Bloomberg … Read more
Zambia’s crypto regulation tests to be wrapped by June: Report
According to Zambia Tech Minister Felix Mutati, the country needs digital identities and other necessary digital infrastructures before it introduces crypto. Go to Source Powered by WPeMatico
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration … Read more
