Treasury News
Treasury
The Biden-Harris administration outlined the historic support being provided to small manufacturing businesses across the United States through the State Small Business Credit Initiative.
Treasury
Ademeyo: Multiple agencies work 'to understand how government policies and programs have impacted different communities'
A new study from the U.S. Department of the Treasury, U.S. Census Bureau and Internal Revenue Service found the first wave of economic impact payments provided under the 2020 Coronavirus Aid, Relief and Economic Security Act effectively reached underserved communities and Americans most in need.
Treasury
Treasury Department: 'Digital connectivity is central to expanding economic opportunity in communities across the country'
High-speed internet may finally make its way to millions of Americans, thanks to the American Rescue Plan’s Capital Projects Fund (CPF), a part of the Biden administration's Investing in America Agenda that has been approved by the U.S. Department of Treasury to fund broadband infrastructure projects.
Treasury
Treasury secretary thanks Japanese finance minister for help with Ukraine, supply chain matters
U.S. Treasury Secretary Janet Yellen met recently with Japan’s Minister of Finance Sunichi Suzuki during the G7 Finance Ministers and Central Bank Governors session in Niigata, Japan.
Treasury
Blinken: ‘Wrongful detention of Americans is unacceptable and has consequences’ for Russia, Iran
U.S. Secretary of State Antony Blinken has warned Russia and Iran that there will be consequences for “wrongfully” detaining Americans.
Treasury
Congressional witnesses propose methods for oversight of spot market regulation
Witnesses in a Congressional hearing on April 27 on “The Future of Digital Assets: Identifying the Regulatory Gaps in Spot Market Regulation,” suggested giving the CFTC or a self-regulatory organization oversight authority.
Treasury
Largest crypto exchanges support lawmakers’ call for ‘clearer regulations’
During a House Financial Services Committee hearing last week, lawmakers raised concerns about the regulatory approach to digital assets in the U.S. and highlighted the lack of a clear regulatory regime for trading platforms.
Treasury
Hearing Addresses Stablecoins' Role in Payments and Need for Legislation: “turf war” between regulators “unsustainable”
The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, led by Chairman French Hill (AR-02), held a hearing on April 19 titled "Understanding Stablecoins’ Role in Payments and the Need for Legislation."
Treasury
SEC Chair Gensler criticized for “nonsensical” regulation of digital assets: “approach is driving innovation overseas”
Members of the House Financial Services Committee, led by Chairman Patrick McHenry, questioned Securities and Exchange Commission (SEC) Chair Gary Gensler in a recent hearing for his approach to digital asset regulation and rulemaking.
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