Treasury Department
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The US Treasury is investigating Kraken for enabling crypto trading in sanctioned countries
It's rough seas for crytpocurrency exchanges these days and the latest to be buffeted is one of the world's largest, Kraken.
FBI believes North Korean hacker cell is behind last month's $600 million crypto heist
On Thursday, the FBI announced that it now attributes the heist, dubbed the Ronin Validator Security Breach, to a North Korean outfit calling itself the Lazarus Group.
Biden's executive order on cryptocurrency opens the door for a US coin
President Biden has signed an executive order detailing US cryptocurrency strategy, including the technology's risks and potential.
Treasury reconsiders IRS use of ID.me facial recognition amid privacy concerns
The Treasury Department is reconsidering the Internal Revenue Service’s use of ID.me for access to its website, according to Bloomberg.
The Treasury Department is buying sensitive app data for investigations
The Treasury Department has bought sensitive app data for investigations, possibly bypassing due process.
US Treasury sanctions cryptocurrency exchange for aiding ransomware attacks
The US Treasury Department has sanctioned a cryptocurrency exchange for allegedly laundering the money behind ransomware attacks.
US will reportedly impose crypto sanctions amid ransomware attacks
The Biden administration reportedly plans to implement new measures to make it more difficult for hackers to profit from ransomware attacks using cryptocurrencies
The US may crack down on 'stable' cryptocurrencies
US regulators are mulling a crackdown on stablecoins like Tether over concerns they actually destablize the economy.
Sen. Wyden urges government to boost broadband speed targets
'Miserly speeds and data caps are holding back' telehealth and remote work and schooling, Wyden wrote.
US Treasury may require crypto transfers over $10K to be reported to the IRS
The US Treasury Department wants tax payers to report any cryptocurrency transfer worth $10,000 to the Internal Revenue Service.
Foreign state hackers reportedly breached the US Treasury (updated)
Hackers backed by a foreign government reportedly breached the US Treasury Department and NTIA, stealing info in the process.
Marco Rubio calls for TikTok review over censorship claims
TikTok owner ByteDance might find itself in legal trouble in the US over claims it's censoring criticism of China in other parts of the world. Senator Marco Rubio has sent a letter to Treasury Secretary Steven Mnuchin asking for the Committee on Foreign Investment in the United States (CFIUS) to review ByteDance's acquisition of Musical.ly in light of the censorship allegations. He argued there was "ample & growing evidence" TikTok was silencing US material to honor Chinese government policies, effectively letting it "suppress freedom of speech" beyond its borders.
US sanctions two Russians for meddling in 2018 midterm elections
Today, the US Treasury sanctioned two Russian nationals accused of working for the Internet Research Agency (IRA) and attempting to meddle in the 2018 US midterm elections. The US has already sanction the IRA and a handful of its members. Now, Igor Nesterov, 34, and Denis Kuzmin, 28, have been added to the list.
US Treasury has 'serious concerns' Libra could be used for terrorism
The US government views cryptocurrencies, including Facebook-backed Libra, as a national security issue. In a press conference today, Treasury Secretary Steven Mnuchin said the Treasury Department has "very serious concerns" that Libra could be misused by money launderers, terrorist financiers and other bad players. While the concerns are not entirely surprising, they do make the US government's stance on cryptocurrency more than clear.
U.S. government hits snag printing new $100 bills, prints old ones instead
The U.S. Treasury Department may have been eager to open the doors to its money printing factory back in July to show off its brand new $100 bills, but it looks to be a decidedly different story today. As CNBC reports, all of the added security measures have apparently been harder to print than expected, and have resulted in a creasing problem that has left some bills with a blank portion on the face. The real problem, however, is that it's not clear how many bills have the flaw, which has forced the department to "quarantine" some 1.1 billion bills until they can be sorted -- one person familiar with the matter says as many as 30 percent were affected at the height of the problem. As you might expect, that accounts for a pretty big chunk of the bills intended for circulation, which has forced the fed to print some more of the older $100 bills that still feature Bush Treasury Secretary Hank Paulson's signature in the meantime.
