US Treasury

US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
March 26, 2024  |  Cryptocurrency

The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S....

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Report: ICBC Subsidiary Disconnects From Electronic Settlement Platform Amid Cyberattack
Report: ICBC Subsidiary Disconnects From Electronic Settlement Platform Amid Cyberattack
November 10, 2023  |  Fraud Attack

The U.S. subsidiary of Industrial and Commercial Bank of China (ICBC) reportedly disconnected itself from an electronic settlement platform for U.S. Treasury securities operated by...

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Financial Institutions and Service Providers Welcome Launch of FedNow
Financial Institutions and Service Providers Welcome Launch of FedNow
July 20, 2023  |  Real-Time Payments

Financial institutions and payment service providers hit the ground running when the Federal Reserve launched the FedNow Service on Thursday (July 20). Many had new offerings ready to go...

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Yellen Warns Banks Could Pull Back on Lending
Yellen Warns Banks Could Pull Back on Lending
April 16, 2023  |  Banking

America’s treasury secretary is warning of a tougher lending environment following two recent bank failures. In a Sunday (April 16) CNN interview, Janet Yellen said...

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Yellen Says Community Banks Probably Won’t Get SVB Treatment
Yellen Says Community Banks Probably Won’t Get SVB Treatment
March 16, 2023  |  Banking

Treasury Secretary Janet Yellen isn’t playing favorites, just protecting the U.S. banking system. She told lawmakers Thursday (March 16) that “Americans can feel confident that...

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CBDC Weekly: Treasury Weighs In; ECB Payments Testers
CBDC Weekly: Treasury Weighs In; ECB Payments Testers
September 19, 2022  |  CBDC

While the Treasury Department report on “The Future of Money and Payments” was as carefully neutral as ever about the need for and desirability of...

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From White House, a Clear Call for Tighter Crypto Controls
From White House, a Clear Call for Tighter Crypto Controls
September 18, 2022  |  Cryptocurrency

The Treasury Department is looking to rein in crypto. It’s hard not to come to that conclusion when looking over the trio of reports it...

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US Treasury Sets out International Cooperation Plan to Rein in Digital Assets
US Treasury Sets out International Cooperation Plan to Rein in Digital Assets
July 08, 2022  |  Regulation

The Secretary of the Treasury on Thursday (July 7) delivered to President Biden a report suggesting that more engagement with foreign counterparts and in international...

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Beneficial State Bank Closes on $218M in Treasury Funding to Small Business, Consumers in Marginalized Communities
Beneficial State Bank Closes on $218M in Treasury Funding to Small Business, Consumers in Marginalized...
June 09, 2022  |  Investments

Beneficial State Bank closed on an equity investment of $218 million from the U.S. Treasury’s Emergency Capital Investment Program (ECIP) Thursday (June 9), which will...

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