Breaking News: TREASURY DEPARTMENT – Market Insights, Analysis & Latest Updates

What's next for the crypto market after the Trump tariff-fueled price plunge?

Following Trump's tariff announcement, cryptocurrency prices plummeted, while analysts debate the long-term effects and strategic implications for bitcoin amidst economic restructuring.

theblock.co • 03/02/2025 - 11:43 AM

The Daily: French authorities escalate probe into Binance, US Senate confirms pro-crypto Scott Bessent as Treasury Secretary and more

The article discusses crypto developments, including a Binance probe, Scott Bessent's Treasury nomination, Metaplanet's bitcoin purchase plan, and digital payment advancements by Elon Musk's X platform.

theblock.co • 28/01/2025 - 18:29 PM

Crypto executive order raises questions about a reserve versus Trump's plans for a 'digital asset stockpile'

Trump's executive order may lead to a national crypto stockpile, using seized assets. The specifics and purpose remain unclear, causing potential implications for stability and value.

theblock.co • 24/01/2025 - 20:57 PM

The Daily: Trump frees Ross Ulbricht, Jupiter airdrops $600 million in JUP tokens and more

Ross Ulbricht's release is celebrated; Trump fulfills campaign pledges. Jupiter launches airdrop, and discussions on memecoin and Bitcoin price forecasts ensue.

theblock.co • 22/01/2025 - 19:00 PM

TREASURY DEPARTMENT

US IRS finalizes controversial tax rule requiring 'DeFi brokers' to collect user trading information

The IRS has finalized rules for DeFi brokers requiring tax reporting similar to traditional brokers, raising concerns about implementation, privacy, and potential legal challenges.

theblock.co • 27/12/2024 - 17:29 PM

MicroStrategy founder Michael Saylor advocates for Trump-backed 'strategic bitcoin reserve' in proposal to set crypto industry standards

Michael Saylor supports Trump's Bitcoin reserve proposal, advocating for a digital asset framework to enhance U.S. economic leadership and tackle national debt through strategic asset management.

theblock.co • 20/12/2024 - 21:39 PM

'We're not allowed to own bitcoin,' Fed Chair Powell says in light of Trump's strategic bitcoin reserve promise

Fed Chair Jerome Powell stated the U.S. cannot hold bitcoin and isn't seeking legal changes despite political support; bitcoin investments are being considered in other states.

theblock.co • 18/12/2024 - 21:24 PM

The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more

The Fifth Circuit Court of Appeals ruled on Tuesday that the Treasury Department’s Office of Foreign Assets Control (OFAC) ”overstepped its authority” by sanctioning crypto mixer Tornado Cash, reversing a lower district court decision. WalletConnect has launched its first airdrop season and eligibility checker, allocating 50 million of the total supply of 1 billion WCT tokens to over 160,000 users, including builders and contributors. A Brazilian lawmaker has introduced a bill to create the Strategic Sovereign Bitcoin Reserve, allocating up to 5% of the nation’s $372 billion financial assets to the cryptocurrency via a phased acquisition strategy. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 27/11/2024 - 18:43 PM

Trump nominates hedge fund manager Scott Bessent as Treasury secretary

President-elect Donald Trump tapped Bessent on Friday amid a flurry of administrative nominations. “Crypto is about freedom, and the crypto economy is here to stay,” the former hedge manager has stated.

theblock.co • 23/11/2024 - 16:52 PM

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

President-elect Donald Trump has nominated the crypto-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares in the Japanese investment firm Metaplanet gained more than 15% on Tuesday after the company announced its latest bitcoin acquisition. Tokenization firm Securitize has introduced the “sToken,” a new way to gain liquidity from real-world assets while still earning a yield, using the ERC-4626 token standard. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 19/11/2024 - 20:31 PM

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