U.S. Treasury Department

A 25-year-old engineer with ties to Elon Musk's companies has been granted extensive access to critical U.S. Treasury Department payment systems, raising alarm among government officials and cybersecurity experts. Marko Elez, a former SpaceX  and X employee, has administrator-level privileges...

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%. What Happened: A three-judge panel from the Fifth Circuit...

With tax season approaching, CPAs are calling on the IRS to prepare for potential changes impacting cannabis businesses. The American Institute of CPAs (AICPA) recently submitted recommendations to the U.S. Treasury and IRS, highlighting areas where guidance is needed to clarify tax obligations for...

IAndrey Zverev, identified as a Russian operative in China, reportedly facilitated transactions on behalf of Kalashnikov Concern, Russia's leading small arms manufacturer. What Happened: Using Tether (CRYPTO: USDT), Zverev successfully transferred millions of dollars to secure electronic parts for...

The U.S. Treasury Department has put forth new guidelines suggesting that crypto brokers be treated on par with those handling traditional investments, such as stocks and bonds. Crypto brokers and exchanges must report specific crypto sales, from Bitcoin (CRYPTO: BTC) to non-fungible tokens (NFTs...

Democratic Congress members Brad Sherman and Stephen Lynch have publicly called for the U.S. Treasury Department and the Internal Revenue Service (IRS) to swiftly present forthcoming rules for cryptocurrency taxation. They argue this would foster complete compliance from the fast-growing industry,...

Treasury Secretary Janet Yellen is warning of the possibility of the government defaulting, potentially as early as June 1, if the debt ceiling isn't suspended or raised. What Happened: The Treasury could run out of cash as early as June 1st and has exhausted all “extraordinary measures...

U.S. Deputy Attorney General Lisa Monaco said on Wednesday the U.S. Department of Justice (DOJ) will not only target hackers, fraudsters and criminals that mask their profits in cryptocurrency but also unleash its full force on illicit actors and entities that support cyber criminals...

The U.S. Treasury Department is starting to recognize cannabis companies, at least according to a new proposal to begin gathering data on marijuana businesses from banks as part of an action to stop money laundering schemes. The Department already collects bank info across other...

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Thursday said it is preparing to implement a presidential executive order that will set the stage for trade sanctions on Mali. The West African country in recent years has become a flashpoint of terrorist activity on the...

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has Cuban state-run oil importer and exporter Cubametales in its regulatory sights. On Nov. 26, the agency added Corporacion Panamericana S.A. to the Specially Designated Nationals and Blocked Persons (SDN) List for being...

According to Reuters, President Barack Obama's administration plans to prevent American companies from shifting their headquarters overseas to avoid U.S. taxes. The Treasury Department proposed a regulation aimed to combat "earning stripping," which is implemented through tax-avoiding mergers known...

Technical glitches halted operations on the floor of the New York Stock Exchange, downed the Wall Street Journal's website and grounded thousands of United Continental Holdings Inc (NYSE: UAL) flights Wednesday morning. The series of technical issues sparked speculation of a coordinated cyber...

"Stunned." This is how The New York Times described the reaction of executives and bankers following Kinder Morgan’s (NYSE: KMI) decision to consolidate its four pipeline companies into one this week. Abandoning the master limited partnership structure it helped create, the...