Treasury Department

The Department of the Treasury is an executive department and the treasury of the United States federal government.

Source: home.treasury.gov

Digital Dollar May Prevent Runs, but Banks Fear Lost Profits
Digital Dollar May Prevent Runs, but Banks Fear Lost Profits
July 13, 2022  |  CBDC

A new Treasury Department report argues that banks’ fears that a digital dollar would lead to the loss of depositors and even bank runs is...

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Treasury Dept Sec: Crypto Wallet ID Rules Will Allow Innovation
Treasury Dept Sec: Crypto Wallet ID Rules Will Allow Innovation
June 10, 2022  |  Crypto Wallet

A proposal being reviewed by the U.S. Treasury Department that would ID who controls unhosted cryptocurrency wallets would also allow innovations related to fighting financial...

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Yellen Hails Crypto’s ‘Transformative’ Potential, Urges Cautious Approach
Yellen Hails Crypto’s ‘Transformative’ Potential, Urges Cautious Approach
April 07, 2022  |  Cryptocurrency

Listening to Treasury Secretary Janet Yellen’s whole speech on cryptocurrency at American University on Thursday morning (April 7), the most striking aspect was the dichotomy...

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Yellen Points to Possible Benefits of Crypto
Yellen Points to Possible Benefits of Crypto
March 25, 2022  |  Cryptocurrency

Is U.S. Treasury Secretary Janet Yellen coming around on cryptocurrency? A noted critic of bitcoin, Yellen appeared to take a more positive tone Friday (March...

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Treasury Under Secretary Adds FedNow to Stablecoin vs Digital Dollar Debate
Treasury Under Secretary Adds FedNow to Stablecoin vs Digital Dollar Debate
March 23, 2022  |  Digital Payments

In all the heated debates about regulating stablecoins and creating a digital dollar, the U.S. Treasury Department has been remarkably quiet about its own existing...

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Treasury Department Issues $6.1 Billion To Help Renters, Landlords
Treasury Department Issues $6.1 Billion To Help Renters, Landlords
May 21, 2021  |  Real Estate

The Department of the Treasury announced Friday (May 21) that it has distributed $6.1 billion to help landlords and tenants through the Emergency Rental Assistance...

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Treasury Looks Into Regulating Crypto To Fight Tax Evasion Schemes
Treasury Looks Into Regulating Crypto To Fight Tax Evasion Schemes
May 20, 2021  |  Cryptocurrency

A new report from the U.S. Treasury says the current cryptocurrency climate could cause tax evasion without further regulation. The report, which describes President Joe Biden’s...

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MoneyGram Settles With OFAC Over ‘Apparent Violations’ Of Sanctions
MoneyGram Settles With OFAC Over ‘Apparent Violations’ Of Sanctions
April 29, 2021  |  International

The U.S. Department of the Treasury announced that MoneyGram Payment Systems, Inc. agreed to remit $34,328.78 to settle “potential civil liability” for 359 apparent contraventions of...

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Treasury Disbursed $242 Billion In Relief Funds To 90 Million Americans
Treasury Disbursed $242 Billion In Relief Funds To 90 Million Americans
March 17, 2021  |  Economy

President Joe Biden’s $1.9 trillion American Rescue Plan released its first tranche of pandemic relief, so far distributing an estimated $242 billion in payments to...

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