Cathie Wood Says Janet Yellen Doesn’t Understand Cryptocurrency, Bitcoin Far More Energy Efficient Than Gold

Hedge fund heavyweight Cathie Wood of ARK Invest says US Treasury Secretary Janet Yellen doesn’t understand cryptocurrencies and Bitcoin.

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Growing concerns over rising US Treasury yields are putting pressure on global financial markets and possibly dragging cryptocurrency prices lower. The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year US Treasury bond.  Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb.

US Treasury Secretary Has Several Concerns About Bitcoin, Addresses Need for Digital Dollar

US Treasury Secretary Janet Yellen is outlining her concerns about the leading cryptocurrency, Bitcoin.

Janet Yellen Warns Bitcoin Is ‘Extremely Inefficient’ and ‘Highly Speculative’ as BTC Price Plunges

US Treasury Secretary Janet Yellen has warned about the dangers of bitcoin as the price of the cryptocurrency took a nosedive.

Crypto has issues; bitcoin is inefficient for conducting transactions, says US Treasury Secy

United States Secretary of the Treasury, Janet Yellen made a comment on digital currencies during a public event.

US Treasury Secretary floats idea of digital dollar maintained by the Fed

She still questioned how regulators would "manage money laundering and illicit finance issues" with digital currencies. Janet Yellen may be open to having US regulators consider a digital currency, but still seems to have strong concerns about Bitcoin. In an interview on the New York Times' DealBook DC Policy Project held today, Yellen said it makes sense for the Federal Reserve to look into a digital dollar.

US Secretary of Treasure Yellen Says Bitcoin is Inefficient for Transactions

Cryptocurrencies could succeed if properly studied, but bitcoin is a highly speculative and inefficient asset, said US Treasury Secretary Janet Yellen.

Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

Fresh criticism from the US treasury secretary fuels an already fierce correction, briefly taking Bitcoin to $47,400 lows. Bitcoin (BTC) fell below $50,000 on Feb.

Janet Yellen Stresses Importance of Crypto Regulation, Making Sure Bitcoin Is Not Used in Illicit Transactions

US Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing.

Janet Yellen Calls Bitcoin a ‘Highly Speculative Asset’

US Treasury Secretary Janet Yellen has said that cryptocurrencies like Bitcoin are speculative assets that need regulatory oversight.

Another crypto firm hit with fines for violating US sanctions

BitPay apparently screened merchants but not customers. BitPay will have to pay the US Treasury's Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions.  In a Feb.

US Treasury Secretary Janet Yellen Says ‘the Misuse of Cryptocurrencies Is a Growing Problem’

Janet Yellen, the new US Treasury Secretary, has warned about “a growing problem” from “the misuse of cryptocurrencies.” She emphasized that “cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism.” Janet Yellen Warns of Cryptocurrency Risks The US Department of the Treasury hosted its inaugural […]

First Mover: Bitcoin at Center Stage (and Record High) as Mastercard, BNY Go Crypto

Bitcoin's price hits new all-time high over $48,000 despite US Treasury Secretary Janet Yellen's warning that cryptocurrencies are prone to illicit uses.

US Treasury Secretary Yellen says crypto misuse is a growing problem

The private sector invests enormous resources to help the government combat crypto crimes, US Treasury Secretary Janet Yellen said. United States Treasury Secretary Janet Yellen is concerned about crypto's supposed criminal element.  In Feb.

US Treasury Secretary Janet Yellen Cites Crypto’s Growing Role in Terrorism Finance

US Treasury Secretary Janet Yellen said she sees the “promise” of cryptocurrency but also is wary of the reality that crypto is increasingly being leveraged to finance terrorism (Read More)

US Treasury's Yellen to Meet with SEC, Fed About GameStop: Reports

The new Treasury Secretary will meet with the SEC and other regulators to discuss market volatility following meme stock pumps.

Former Fed Chair Janet Yellen Confirmed in Senate as new US Treasury Secretary

After being nominated by President Joe Biden, the United States Senate has now confirmed former Federal Reserve Chair Janet Yellen to serve as Treasury Security.

Senate Confirms Janet Yellen as US Treasury Secretary

Yellen succeeds Steven Mnuchin in running the US government’s treasury.

Janet Yellen Clarifies Her Stance on Bitcoin — Promises ‘Effective’ Crypto Regulation

Joe Biden’s pick to become the new US Treasury Secretary, Janet Yellen, has clarified her stance on bitcoin and cryptocurrencies.

Biden’s Pick for Treasury Secretary Says US Should Encourage Legitimate Uses of Bitcoin and Crypto

US Treasury Secretary nominee Janet Yellen is clarifying her view on the role of crypto in the future of finance.

US Treasury Nominee Yellen Tells Senators that Crypto Has ‘Benefits’

Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse American President Joe Biden’s Treasury Secretary nominee Janet Yellen has been blamed by many for the recent slide in token prices after expressing “concerns” about crypto – now many will hope that more positive comments on the matter could help halt the worsening decline. Yellen has been communicating with the Senate’s

US Treasury Secretary Nominee Yellen: Crypto Can Improve The Financial System

​Janet Yellen, President Joe Biden’s US Treasury Secretary nominee, seems to have balanced her statements about Bitcoin and crypto, after her previous negative rhetoric about the emerging technology.

Former US Treasury Secretary Larry Summers Says Bitcoin ‘Is Here to Stay’

Former US Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble.

US Treasury Secretary Nominee Hints at Brand New Crypto Environment

The US Treasury secretary nominee Janet Yellen has made a splash in the Cryptoverse with her recent quotes about cryptocurrencies, but she actually made a few other points in her address yesterday that may affect and ultimately form an environment for crypto in the United States. All eyes in the crypto community turned toward the woman who

Biden’s US Treasury Secretary Nominee Raises Concerns Over Crypto Terrorism Financing

Janet Yellen, Joe Biden's nominee for US Treasury Secretary, has expressed concerns over cryptocurrencies being used for illicit activities.

Demand May Raise Bitcoin's Price, Says Ex-US Treasury Secretary

Lawrence Summers, who previously served as the US Treasury secretary and the National Economic Council’s director, said that Bitcoin “is here to stay.”

US Treasury Department Lacks Power to Pass FinCEN Bill – Coin Center

Statue of Albert Gallatin, the fourth Secretary of Treasury, in front of the Department of Treasury building in Washington, D.C.

FinCEN Crypto Surveillance Rule Sees Surge in Public Comments

Some 65,000+ comments have been submitted, widely in opposition to the proposed US Treasury regulation.

Ethereum: The Last Bastion for Yield

US Treasury and corporate bonds are returning lower yields than ever.

US Treasury to Allow Blockchains, Stablecoins for Bank Payments

The Office of the Comptroller of the Currency issued an interpretive letter that could help make crypto payments mainstream.

With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal

It looks like crypto stakeholders turned out in force, despite the Treasury's best efforts to evade scrutiny. Despite many objections to the truncated timeframe, public comments are due tonight in response to the US Treasury's proposal to require businesses like crypto exchanges to know the identities behind wallets with which they transact.  As of Sunday night, the Treasury's Financial Crimes Enforcement Network, or FinCEN, had recorded 5,633 responses to its proposed rule.

US Lawmakers Say ‘Rushed Process’ Threatens Legitimacy of FinCEN’s Push To Monitor Cryptocurrency Transactions

A bipartisan group of US lawmakers is asking the US Treasury to reconsider a proposed rule that would change how cryptocurrency transactions are monitored.

US Congress Members Opposed Treasury Crypto Ruling

One of the biggest stories in crypto right is the news that the Financial Crimes Enforcement Network (FinCEN) branch of the US Treasury is working on cracking down on self-hosted wallets in crypto.

US Representatives Query "Rushed Process" of FinCEN Crypto Rule Change

Eight members of Congress have penned a letter to US Treasury Secretary asking for a 60-day comment period on crypto wallet KYC rule.

Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says

In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive.

US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research Institutions

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations.

Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule

Coinbase is the latest company to go public with its concerns regarding the US Treasury proposal on crypto wallets. A number of players are encouraging individuals to speak out against FinCEN’s new crypto rules before comments close next week. Crypto exchange Coinbase and the foundation behind Monero are the latest firms to join in calling for crypto users to share their thoughts on the US Treasury's Financial Crimes Enforcement Network’s new rules.

BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba

The settlement repeats the Treasury's message that crypto companies will need to know their customers.

BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the US Treasury over 183 “apparent violations” of multiple sanctions programs.

Crypto Players Plea for More Opposition to FinCEN Regulation Proposal

Industry players are urging the crypto community to mount an assault on Washington in a bid to halt an under-fire proposal from the US Treasury Department and the Financial Crimes Enforcement Network (FinCEN).

Mike Novogratz Says New Regulations Targeting Crypto Companies, Not Bitcoin or Ethereum

Galaxy Digital CEO Mike Novogratz says that while regulators don’t have Bitcoin and Ethereum in their sights, they are targeting multiple areas of the crypto industry.  In a CNBC interview, Novogratz highlights the sectors that are likely to be impacted by the efforts of outgoing US Treasury Secretary Mnuchin to regulate the space.

Coinbase and Coin Center Respond to Proposed Rules on Crypto Transactions From US Treasury

Crypto exchange Coinbase and leading non-profit crypto advocate Coin Center are speaking out against the new set of rules proposed by the Financial Crimes Enforcement Network (FinCEN), an agency of the US Treasury.

OKCoin says crypto industry lacks means to comply with new US Treasury proposal

If passed, the United States’ crypto wallet proposal would create significant hassles for digital asset exchanges.

US Treasury Unveils Stifling Crypto Wallet Regulation — Experts Break Down the Rules

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets.

US Treasury Proposes New Rules Regulating Bitcoin and Cryptocurrency Transactions

The Financial Crimes Enforcement Network (FinCEN), an agency of the US Treasury Department, has proposed a new set of rules that would require financial institutions to keep a record of certain transactions sent to private cryptocurrency wallets.

US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions

The US Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.

Analysts say Mnuchin’s proposed self-custody rule won’t impact Bitcoin price

Analysts debate whether the US Treasury Secretary’s new rule about self-custodied wallets could place the current bull run in peril. This week various media reported that US Treasury Secretary Steven Mnuchin was considering whether or not legislation governing self-custodied wallets should be implemented.

US Treasury to Apply Bank Secrecy Act Rules to Crypto Wallets

FinCEN, a bureau of the US Treasury, has proposed requiring banks and money service businesses to record transactions to private cryptocurrency wallets.

US Treasury wants crypto policy experts to fight crypto-related crimes

United States Department of the Treasury's Financial Crimes Enforcement Network (FINCEN) has posted two new job roles and expected to employ strategic policy officers for crypto.

US Treasury Dept's Reported New Rule Might Increase Bitcoin Surveillance

While the national treasury of the US federal government is said to be on the brink of proposing a new transaction reporting rule, many in the Cryptoverse argue that it would not affect investors and/or that regulations concerning so-called "self-hosted" wallets are nonsensical.

How Upcoming Crypto Wallet Restrictions Will Affect You

The US Treasury is expected to impose transaction reporting restrictions on self-hosted crypto wallets soon.

US Treasury to hire crypto policy officers to combat industry crimes

FinCEN posted vacancies for two high-profile crypto positions in a bid to get expert professional advice on the crypto industry. The United States Department of the Treasury is looking for expert advice on cryptocurrencies to tackle legal challenges associated with the industry. The US Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, has posted two job applications for crypto policy officers.

Stablecoin Issuers Must 'Come Out of the Shadows,' Says US Treasury

The Office of the Comptroller of the Currency wants stablecoin issuers to be regulated.

Blockchain Bites: Google Goes Down, Nexus CEO and US Treasury Get Hacked

Yearn continues to rapidly expand through acquisitions, leading some to call it the Amazon of DeFi.

US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”

The US Treasury Department has been on the receiving line of a huge security breach that saw their internal servers targeted.