Treasury News
Treasury
In a recent podcast conversation, Michael Saylor of MicroStrategy shared his viewpoint that the involvement of major corporations in procuring and securely holding Bitcoin within their control shouldn't spark apprehension, according to a press release.
Treasury
Binance spokesperson: 'Our approach is consistently attuned and adapted to reflect the evolving market landscape and the evolving needs of our user base'
Confirmed through correspondence with a spokesperson from Binance, it has been affirmed that Binance Connect, the compliant division responsible for cryptocurrency buying and selling within the Binance exchange, is scheduled to terminate its operations on Aug. 16, according to a press release.
Treasury
JPMorgan, Eaton Vance drawn to bond rally championed by Bitcoin-advocating Bukele
El Salvador President Nayib Bukele initially unsettled many in the financial world with his endorsement of Bitcoin; however, his current oversight of a surging bond rally has proven too enticing to resist. Exceptional returns of around 70% — the highest among emerging market dollar bonds this year — are luring investors who were once cautious or completely avoiding these securities, Bloomberg reported.
Treasury
Adeyemo: New incentive program will 'drive investment to underserved communities to ensure they benefit from lower energy costs'
The U.S. Department of the Treasury and the Internal Revenue Service recently introduced final rules for the Low-Income Communities Bonus Credit initiative.
Treasury
Nelson: 'Salameh contributed to Lebanon’s endemic corruption'
The U.S. Department of the Treasury's Office of Foreign Assets Control, along with the United Kingdom and Canada, is designating a former Lebanon central bank governor and associates for corrupt activities in Europe.
Treasury
Nelson on passage of RSNA law: 'This action threatens the stability, sovereignty and territorial integrity of Bosnia and Herzegovina'
The U.S. Department of the Treasury's Office of Foreign Assets Control designated several state-level officials for encouraging the passage of a Republika Srpska National Assembly (RSNA) law that obstructs the implementation of the Dayton Peace Agreement.
Treasury
Yellen: 'Taxpayers will be able to digitally submit all correspondence, non-tax forms and notice responses'
U.S. Treasury Secretary Janet Yellen addressed the recent decision by Fitch to downgrade the U.S. credit rating, highlighting the country's strong economic recovery.
Treasury
Gallagher on DITCH Act: 'American taxpayers should not be forced to subsidize investments that benefit the Chinese Communist Party'
Members of the House Select Committee on the Chinese Communist Party (CCP), alongside Sen. Josh Hawley, R-Mo., introduced the "Dump Investments in Troublesome Communist Holdings Act" (DITCH) Aug. 1.
Treasury
Nelson: Sanctions levied against Mali officials who 'have made their people vulnerable to the Wagner Group’s destabilizing activities'
The U.S. Department of the Treasury's Office of Foreign Assets Control issued sanctions against three Malian government and military officials for facilitating the deployment and expansion of the Wagner Group Private Military Company and its activities in Mali.
Treasury
Ripple's Alderoty: XRP court 'ruling will play well' in the Coinbase and Binance cases
On July 12, Judge Analisa Torres of the Southern District of New York determined that when sold to members of the public, Ripple's XRP token does not constitute an "investment contract" and therefore is not a security.
Treasury
Yellen: The U.S. 'considers Vietnam a key partner in the Indo-Pacific'
Treasury Secretary Janet Yellen praised the ongoing trade ties between the U.S. and Vietnam during the Bilateral Meeting with Minister of Finance Ho Duc Phuc July 21.
Treasury
Ohio's Davidson: 'Congress must swiftly ban then criminalize any effort to design, build, develop, test or establish a CBDC'
The Federal Reserve recently launched FedNow, an instant payment service that some experts are concerned will pave the way for a central bank digital currency (CBDC).
Treasury
Adeyemo: 'Today’s actions represent another step in our efforts to constrain Russia’s military capabilities'
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) took action July 20, 2023, implementing sanctions on Russian entities to hinder their access to critical products and technology.
Treasury
Malerba: 'Native Americans face higher poverty rates, overcrowding in homes and inequitable health status'
In her remarks at the Financial Literacy & Education Commission (FLEC) Public Meeting July 20, U.S. Treasurer Chief Lynn Malerba discussed the state of financial literacy in Indian Country.
Treasury
Adeyemo: 'The State and Local Fiscal Recovery Funds provided resources directly to communities across the country to help local leaders avoid cuts, address immediate needs, and support rapid, resilient, and equitable recovery'
Data from the State and Local Fiscal Recovery Funds through March 31, which was released by the U.S. Department of the Treasury on July 14, shows that governments have used this American Rescue Plan funding not only to avoid service cuts and address the pandemic's immediate health and economic effects. The funds also were used to make critical long-term investments that will strengthen their economies and communities.
Treasury
Nelson: 'Sanctions demonstrate our ability and our resolve to exploit the financial vulnerabilities of networks involved in the illicit fentanyl trade'
The U.S. Treasury Department's Office of Foreign Assets Control sanctioned 10 people July 12, including Sinaloa Cartel members and fugitives as well as one entity with its headquarters in Mexico.
Treasury
Under Secretary Nelson: 'Treasury will not hesitate to target actors that abuse their positions for personal gain'
The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a security official in Serbia. The sanctions against Aleksandar Vulin were implemented on July 11, a Treasury Department press release said.
Treasury
Federal judge Spero rules IRS request for user information from Kraken 'not overbroad'
As part of a court order, the digital asset exchange company Kraken will be mandated to provide the Internal Revenue Service (IRS) with select user account and transaction information from 2016 to 2020.
Treasury
Treasury's Adeyemo: 'The Homeowner Assistance Fund has helped keep hundreds of thousands of families in their homes'
New data released by the U.S. Department of the Treasury from the Homeowner Aid Fund through March 31, 2023, has revealed a substantial increase in homeowner aid.
Treasury
Adeyemo: 'Support for small business growth and access to capital is a key component of President Biden’s Investing in America agenda'
The U.S. Department of the Treasury recently announced $86 million for Mississippi under the State Small Business Credit Initiative of the American Rescue Plan.
Your news, delivered.
Subscribe and personalize your weekly Newswire round-up.