Bessent Backs SEC and CFTC Crypto Rules After CLARITY Act Setback
Scott Bessent backs SEC and CFTC action after the CLARITY setback, while arguing that dollar stablecoins can expand demand for US government debt.
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Bessent Says US May Seize $1 Billion in Iran-Linked Crypto
Scott Bessent said US authorities could seize $1 billion in Iran-linked crypto this week, without identifying the tokens, wallets or legal process involved.
US Treasury Drops FinCEN Wallet and Crypto Mixer Proposals
FinCEN is withdrawing two long-pending crypto reporting proposals, citing concerns about lawful privacy and compliance burdens while retaining illicit-finance oversight.
House Committee Advances Bill to Codify Strategic Bitcoin Reserve
The bill, titled the American Reserve Modernization Act, seeks to formally codify President Donald Trump’s plan for a strategic digital asset reserve.
DeFi Heavyweights Warn Treasury That Strict GENIUS Act Rules Could Choke On-Chain Liquidity
A joint comment letter argues that holding stablecoin issuers strictly liable for untraceable secondary-market smart contract interactions is an unworkable mandate that threatens open Web3 protocols.
US Sanctions Iran-Linked Crypto Wallets After $344M USDT Freeze by Tether
The US government has targeted Iran-linked crypto wallets after Tether froze $344 million in USDT, highlighting growing scrutiny of digital assets in global sanctions enforcement.