US Treasury issues call for public comment on illicit activity following Trump signing GENIUS stablecoin act into law The Block GENIUS Act inches closer to law amid Warren’s Fentanyl warning Yahoo Finance Yellen and Bessent Highlight Stablecoins as Catalyst for Global Dollar Dominance AInvest Treasury seeks stablecoin AML comment from public American Banker U.S. Treasury supports digital IDs as a safeguard against financial crime …
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Treasury Issues Request for Comment Related to the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act
WASHINGTON – Today, the U.S. Department of the Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in Executive Order (E.O.) 14178 on “Strengthening American Leadership in Digital Financial Technology.” Today’s request for comment fulfills Treasury’s obligation pursuant to section 9(a) of the GENIUS …
Read More »Treasury Secretary Issues Surprise September Fed Prediction After U.S. Bitcoin Reveal Triggered Wild Price Swings
08/16 update below. This post was originally published on August 15 Bitcoin has plummeted after soaring to a fresh all-time high this week, with the combined crypto market losing well over $100 billion despite Elon Musk quietly signalling his support. Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price, which has doubled since this time last …
Read More »Treasury Tightens Clean Energy Tax Credit Construction Rules (1)
The Treasury Department and IRS released guidance on what is considered beginning construction for clean energy projects trying to qualify for tax credits, generally nixing a prior guideline on investing 5% to qualify. Developers have long relied on IRS notices to define the starting point of construction to qualify for the energy tax credits from the Biden-era tax-and-climate law. There …
Read More »Solar stocks surge after Treasury tightens clean energy tax credit rules
Investing.com — Solar and renewable energy stocks rallied sharply Friday after the U.S. Treasury Department and IRS released new guidance on clean energy project construction requirements for tax credit qualification. First Solar (NASDAQ:FSLR) stock rose 13%, Sunrun (NASDAQ:RUN) jumped 39%, NextEra Energy (NYSE:NEE) gained 5%, Enphase Energy (NASDAQ:ENPH) climbed 12%, and Array Technologies (NASDAQ:ARRY) surged 27% following the release of …
Read More »US Treasury Secretary Bessent says government won't buy bitcoin for strategic reserve but will retain seized assets as crypto markets see red – The Block
US Treasury Secretary Bessent says government won’t buy bitcoin for strategic reserve but will retain seized assets as crypto markets see red The Block Bitcoin sinks following hotter-than-expected inflation print, Bessent comments on strategic reserve Yahoo Finance Treasury secretary clarifies Trump administration’s crypto plans Axios Bitcoin News (BTC): Strategic Reserve Purchases May Still Be in Play CoinDesk Bitcoin Drops to $117K After US Treasury …
Read More »The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S. – The New York Times
The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S. The New York Times Billy Long’s IRS ouster follows clashes with Treasury The Hill IRS, White House clashed over immigrants’ data before tax chief was ousted The Washington Post Stuff ‘Nixon only dreamt of’: Maddow questions Trump’s removal of handpicked IRS chief MSNBC News The IRS faces unprecedented leadership turnover Brookings …
Read More »US treasury secretary Scott Bessent calls for half-point interest rate cut at next Fed meeting – business live | Business
Bessent calls for series of rate cuts US Treasury Secretary Scott Bessent has reiterated his call for a half-point interest rate reduction at the Federal Reserve’s next meeting in September, and called for a series of rate cuts. His comments come after data showed inflation held steady at 2.7% in July. He said the central bank’s benchmark ought to be …
Read More »U.S. national debt reaches a record $37 trillion, the Treasury Department reports
The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers. The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation’s daily finances. The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The …
Read More »Trump removes IRS boss, Treasury Secretary Bessent takes over
President Donald Trump on Friday removed Internal Revenue Service Commissioner Billy Long and is replacing him temporarily with Treasury Secretary Scott Bessent, three sources with knowledge of the matter told NBC News. Long was only just sworn in as commissioner in June. The change also comes days after Trump’s sprawling new tariffs took effect, and a month after the president …
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