Treasury

Biden says he warned Putin about ransomware attacks on US companies

Biden signs infrastructure bill, handing crypto broker definitions to the US Treasury

President Joe Biden signed the Infrastructure Investment and Jobs Act into law on Monday, with controversial crypto tax definitions now in the Treasury Department’s hands. Biden appeared alongside Congressional leadership on the White House lawn in an event advertised as a bipartisan show of support for the new legislation and “the historic benefits the Bipartisan …

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US Treasury Report to Give SEC Oversight on Stablecoins: Report

US Treasury Report to Give SEC Oversight on Stablecoins: Report

The U.S. Securities and Exchange Commission (SEC) may have moved one step closer to achieving significant oversight on stablecoins. According to a Bloomberg article on Monday, which cited people familiar with the matter, a report expected this week by the U.S. Treasury Department and other agencies will indicate that the SEC has significant authority to …

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Treasury preps guidance on infrastructure bill's crypto tax reporting rules: report

Treasury preps guidance on infrastructure bill’s crypto tax reporting rules: report

advertisement The U.S. Treasury is preparing guidance on the crypto tax reporting provisions in the infrastructure bill, which recently passed the Senate and is heading for the House, according to a Bloomberg report published Friday.  The provisions provoked a mass outcry from the cryptocurrency industry, which saw the definition of “broker” as excessively broad. Per …

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Bank of England, HM Treasury establish new taskforce to explore digital currency

Bank of England, HM Treasury establish new taskforce to explore digital currency

The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K. Announcing the news on Monday, the two government authorities said they have not yet decided whether to introduce a CBDC in the U.K. but will explore its use cases and risks. They will …

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