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Category U.S Treasury

Trump's confidante Steve Bannon says Scott Bessent should run both the Fed and Treasury

Trump's confidante Steve Bannon says Scott Bessent should run both the Fed and Treasury

Steve Bannon wants Scott Bessent to run the two most powerful economic arms of the U.S. government at once — the Federal Reserve and the Treasury D...
US Treasury opens second comment period on GENIUS Act stablecoin rules

US Treasury opens second comment period on GENIUS Act stablecoin rules

Treasury seeks feedback on the GENIUS Act stablecoin rules, with a new comment period open until Oct. 17.
U.S. cracks down on China-linked cyber scam networks

U.S. cracks down on China-linked cyber scam networks

The United States announced sanctions on Tuesday against operators of cyber scam hubs in Myanmar and Cambodia, targeting a fast-growing fraudulent ...
US Treasury Doubles Down, Hits Crypto Exchange Garantex with Second Sanction

US Treasury Doubles Down, Hits Crypto Exchange Garantex with Second Sanction

The United States Treasury Department has escalated its crackdown on illicit crypto activity, redesignating the Russian-linked cryptocurrency excha...
Bessent blasts Fed renovation and suggests 50 bps rate cut as U.S. pushes for major trade deals

Bessent blasts Fed renovation and suggests 50 bps rate cut as U.S. pushes for major trade deals

Treasury Secretary Scott Bessent said the Federal Reserve should keep the door open to a larger, 50 basis-point rate cut next month, after opting t...