New US bill seeks to ban UST-like algorithmic stablecoins for 2 years
The bill has undergone several amendments, and the latest would protect Americans from a Terra-like collapse by banning "endogenously collateralized" tokens.
Latest Treasury News
Do digital assets play a role in illicit finance? US Treasury asks for public feedback
Treasury published a “request for comment” this week following Joe Biden’s executive order and wants to know if it has been clear enough with Bitcoin regulations.
US Treasury’s latest sanctions target BTC, ETH addresses of Russian paramilitary group
The OFAC sanctioned addresses linked to Task Force Rusich, a group that has been fighting Russia’s battles since 2015, including the latest war in Ukraine.
US Treasury issues sanctions against 10 malware-linked Iranians, targets BTC addresses
The Treasury claimed that the group has been targeting American institutions since 2020 with malware including APT 35, and linked it to Iran’s government.
Publishing Tornado Cash code does not violate sanctions: US Treasury
The U.S. Department of Treasury has clarified that visiting the Tornado Cash website, copying its open source code, or making it available online or in print would not violate sanctions.
Coinbase funding Tornado Cash users’ lawsuit against US Treasury Department
Coinbase's Chief Legal Officer Paul Grewal said the sanctions "set a dangerous precedent" and claims it will have a chilling effect on software development.
Kraken’s Jesse Powell slams Tornado Cash takedown as ‘unconstitutional’
The Kraken exchange boss joins a chorus of other so-called ‘crypto’ advocates in condemning the sanctions against Tornado Cash, saying that "people have a right to financial privacy."
Tornado Cash takedown is denial stage of grief—Joshua Henslee weighs in
Joshua Henslee empathizes with people who have put their lives promoting the 'decentralized' vision, saying that it's going to be incredibly difficult for them to accept what's coming.
The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram
U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money amounting to more than US$7 billion since 2019.
US Treasury sanctions Tornado Cash mixer
Tornado Cash is a digital currency mixer that obfuscates transaction history by combining ETH deposits from many users into one pool before paying out Ethereum withdrawals.
Kraken under US investigation over allegedly violating Iran sanctions
U.S. authorities are reportedly investigating Kraken due to suspicions that the controversial digital currency exchange has violated economic sanctions against Iran.
New Framework for International Digital Asset regulations prioritizes US leadership
The U.S. Treasury has delivered the new framework to President Joe Biden this week. It sets out a multi-agency approach toward engagement with foreign counterparts and in international fora.