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Category treasury department

US Treasury open to enforcing digital ID verification in DeFi

US Treasury open to enforcing digital ID verification in DeFi

The United States Department of the Treasury is looking into the possibility of deploying a digital identity to curb illicit financial activities...
Foreign investors commit $1 trillion to U.S. Treasuries, pushing to $9.13 trillion record

Foreign investors commit $1 trillion to U.S. Treasuries, pushing to $9.13 trillion record

Foreign demand for U.S. Treasuries hit a record high of $9.13 trillion in June, climbing by $1 trillion compared to the same month last year, accor...
US banks push congress to close stablecoin interest loophole under GENIUS Act

US banks push congress to close stablecoin interest loophole under GENIUS Act

US banks urge Congress to block stablecoin yield loophole, warning it could drain deposits, raise rates, and disrupt the US credit system.
U.S. deficit hits $291B despite tariff windfall

U.S. deficit hits $291B despite tariff windfall

The U.S. government ran a massive $291 billion deficit in July even as customs duty collections soared nearly $21 billion thanks to Trump’s tariffs.
Demand for U.S. Treasury bonds underwhelms into third week as yields settle

Demand for U.S. Treasury bonds underwhelms into third week as yields settle

U.S. Treasuries remained little changed in the third straight week of weak Treasury auctions as investors weighed the effects of Trump’s tariffs.