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Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML

Janet Yellen, a former leader at the Federal Reserve and Joe Biden's pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions on combating the financing of terrorism, or CFT, from

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Gary Gensler May Receive Deputy Treasury Secretary Nod

President-elect Joe Biden may name former Commodity Futures Trading Commission Chair Gary Gensler to become Deputy Treasury Secretary, CNBC reported Wednesday.Gensler, who is currently heading up Biden’s financial oversight transition team, would report to former Federal Reserve Chair Janet Yellen, Biden’s reported nominee for the top spot at the Treasury

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Deputy Treasury Secretary Discusses US CBDC Plans

The U.S. Treasury Department is evaluating the merits of a government-sponsored digital currency, said one of its top officials Wednesday.Deputy Treasury Secretary Justin Muzinich, speaking to the Atlantic Council during a digital seminar on transatlantic economic relations, said the administration is studying a potential central bank digital currency (CBDC) tied

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India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban

During a webinar on July 17, the former Finance Secretary of India, Subhash Chandra Garg, discussed cryptocurrencies with Indian industry leaders including Nischal Shetty, the CEO of Indian crypto exchange WazirX, and Siddharth Sogani, the founder of blockchain research company Crebaco.In 2019, Garg along with his secretariat drafted a bill

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Trump Told Treasury Secretary to ‘Go After’ Bitcoin, Bolton Book Reportedly Claims

President Donald Trump ordered Treasury Secretary Steve Mnuchin to focus on a clampdown on bitcoin over negotiating a trade with China, former national security adviser John Bolton reportedly claims. In a terse exchange about imposing sanctions and tariffs with China, Trump reportedly told Mnuchin: “Don’t be a trade negotiator,” ordering

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Trump Told Treasury Secretary Mnuchin to ‘Go After Bitcoin’ – Former National Security Advisor John Bolton Says

Former national security advisor John Bolton has reportedly revealed in his upcoming book an instruction about bitcoin that President Donald Trump gave to Treasury Secretary Steven Mnuchin. The U.S. Justice Department has filed a lawsuit against Bolton to stop the book’s release, claiming that it contains classified material.Bolton Book:

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US Treasury Secretary Promises ‘Significant New Requirements’ on Cryptocurrency

Though the Democratic presidential race in the United States may have lost its most forward-thinking candidate when it comes to cryptocurrency, that doesn’t mean it’s not still a hot button issue across party lines. The number of patents and companies associated with cryptocurrencies and blockchains continues to rise in

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