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Category US Treasury

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Senators Urge US Treasury to Fix Crypto Tax Rules

Senators Urge US Treasury to Fix Crypto Tax Rules

Republican Senators Cynthia Lummis (WY) and Bernie Moreno (OH) are sounding the alarm on potential tax pitfalls facing companies holding digital as...
US Treasury launches investigation into Benchmark Capital’s ties to Chinese firm Manus AI

US Treasury launches investigation into Benchmark Capital’s ties to Chinese firm Manus AI

According to reports,  the US Treasury Department is looking into a $75 million investment by Benchmark Capital in the Chinese company Manus AI. Th...
$2,000,000,000,000 in Demand for US Treasuries Could Come From Digital Assets in Coming Years: Treasury Secretary Scott Bessent

$2,000,000,000,000 in Demand for US Treasuries Could Come From Digital Assets in Coming Years: Treasury Secretary Scott Bessent

US Treasury Secretary Scott Bessent says digital assets may create a $2 trillion demand for US Treasuries in the coming years. In an appearance bef...
US Treasury Secretary Bessent Doesn’t Favor a US CBDC

US Treasury Secretary Bessent Doesn’t Favor a US CBDC

US Treasury Secretary Bessent says that the Federal Reserve should not launch a central bank digital currency (CBDC)…
US Treasury sanctions notorious multi-billion Myanmar crime syndicate

US Treasury sanctions notorious multi-billion Myanmar crime syndicate

The U.S. Treasury has sanctioned a notorious Myanmar-based crime syndicate implicated in large-scale cyber scams and human trafficking.  On May 1, ...