Tagged: us department of treasury

June 2, 2026 @ 6:01 pm By JD Alois  |  

The Blockchain Association has submitted a letter it sent to the US Department of the Treasury regarding the regulation of stablecoins. Treasury has requested feedback on details pertaining to the issuance and management of stablecoins as defined by the GENIUS Act. The Blockchain Association agrees… Read More

May 31, 2026 @ 4:26 pm By Omar Faridi  |  

The US government has continued to adopt an overly aggressive financial strategy against Tehran. Treasury Secretary Scott Bessent has recently disclosed that American authorities have confiscated roughly $1 billion worth of cryptocurrency linked to Iran. The announcement underscores the effectiveness of ongoing efforts to disrupt… Read More

April 15, 2026 @ 8:59 am By Omar Faridi  |  

Blockchain intelligence firm Elliptic has share a detailed update on a major regulatory step forward by the US Treasury Department. On April 8, 2026, the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) released a notice of proposed rulemaking (NPRM)… Read More

April 14, 2026 @ 8:56 am By Omar Faridi  |  

The US government has introduced a cybersecurity information sharing initiative for the crypto and blockchain industry. The digital currency ecosystem has often been a major target for cybercriminals. Recently, the developers of Drift Protocol were focused on suspending all platform deposits as well as withdrawals… Read More

April 1, 2026 @ 12:17 pm By JD Alois  |  

The US Department of the Treasury is requesting feedback on proposed rules regarding the GENIUS Act, the legislation that legalizes payment stablecoins. The Guiding and Establishing National Innovation for US Stablecoins Act was signed into law earlier this year, yet questions remain. Treasury states that,… Read More

February 5, 2026 @ 10:37 am By JD Alois  |  

Secretary of the Treasury Scott Bessent gave a shout-out to the alternative inflation-measurement firm Truflation during a Hearing of the Senate Banking Committee. Truflation is an independent entity that provides an alternative perspective on economic data points. The US government, and importantly, the US Federal… Read More

November 13, 2025 @ 2:36 pm By JD Alois  |  

In a wide-ranging attack on drug-based money laundering, the US Department of the Treasury, in partnership with the Mexican government, has applied sanctions and other measures to undermine organized crime operating in Mexico, Europe, Canada, and elsewhere. The Office of Foreign Assets Control (OFAC) and… Read More

October 10, 2025 @ 3:53 pm By JD Alois  |  

Financial services firms are required to issue Suspicious Activity Reports (SARs) when they suspect money laundering or other illicit activities. This includes transactions of around $10,000 or structured transactions that break up the movement of money. A bank must file a SAR no later than… Read More

September 19, 2025 @ 9:05 am By JD Alois  |  

The US Department of the Treasury is seeking public feedback on the implementation of the GENIUS Act, the legislation that legalized the issuance and usage of payment stablecoins. The Advance Notice of Proposed Rulemaking or ANPRM aims to garner insight into the new sector of… Read More

August 18, 2025 @ 3:05 pm By JD Alois  |  

The U.S. Department of the Treasury has initiated a request for comments on stablecoins. The initiative is mandated under the GENIUS Act, which was recently signed into law. The GENIUS Act outlines the process to establish regulations for payment stablecoins. The regulatory framework will provide a federal… Read More

August 17, 2025 @ 4:05 pm By Michael Wong  |  

The US Department of the Treasury launched a public comment period seeking input on innovative technologies that financial institutions could use to detect illicit activity involving digital assets, including artificial intelligence and blockchain monitoring tools. The request fulfills requirements under the GENIUS Act, the stablecoin legislation… Read More

August 14, 2025 @ 11:50 am By JD Alois  |  

Garantex Europe OU, a crypto exchange based in Russia (originally registered in Estonia), has been sanctioned by the US Department of the Treasury. The sanctions were applied due to claims that Garantex was aiding criminals and sanction evasion. The crypto exchange is said to have… Read More

July 3, 2025 @ 11:13 am By Omar Faridi  |  

On July 1, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Aeza Group, a Russia-based bulletproof hosting (BPH) services provider, for its role in facilitating cybercriminal activities targeting victims in the United States and globally. Bulletproof hosting… Read More

March 21, 2025 @ 11:47 am By JD Alois  |  

The US Department of Treasury has announced that it has removed the economic sanctions applied to Tornado Cash, a crypto mixer. Tornado Cash, a decentralized platform, enables users to cloak crypto activity to a certain degree. In 2222, Treasury’s Office of Foreign Assets Control (OFAC)… Read More

March 12, 2025 @ 5:20 pm By JD Alois  |  

FinCEN, the enforcement arm of the US Department of Treasury, is taking an interesting approach to battling nefarious activities occurring the the US. According to a public statement, FinCEN is gunning for Mexican cartels who utilize money services businesses in the Southwest of the country…. Read More

March 7, 2025 @ 9:45 am By JD Alois  |  

Today, a group of crypto-related executives and insiders are meeting at the White House to discuss the future of digital assets. Fox News shared a list of the individuals invited to the summit. These include mostly CEOs from top digital asset firms: Gemini Ripple Anchorage… Read More

March 5, 2025 @ 3:06 pm By Omar Faridi  |  

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Iran-based Behrouz Parsarad, the sole administrator of Nemesis, an online darknet marketplace, which was subject of an international law enforcement operation and “was taken down in 2024.” Prior to its takedown by… Read More

March 4, 2025 @ 2:46 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) says the suspension of the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) mandate is a massive win for smaller firms. The CTA was aggressively pursued during the Biden Adminstration, placing an unrealistic burden on smaller firms. Yesterday, Secretary of… Read More

February 11, 2025 @ 8:16 am By JD Alois  |  

The US Department of the Treasury, Office of Foreign Assets Control (OFAC), has partnered with Australia and the UK to sanction Zservers as it is an enabler of LockBit, a Russian ransomware group. LockBit is said to be the culprit in the attack against the… Read More

January 17, 2025 @ 10:57 am By JD Alois  |  

China state-affiliated entities have been hacking both public and private organizations in the US for years now. This is part of China’s goal to usurp the US as the world’s top superpower.  In an embarrassing revelation, the US Department of Treasury was hacked, including, apparently,… Read More