Us Department Of The Treasury - All News And Posts By Crowdfund Insider

Rohit Chopra Out as CFPB Director, Replaced by Secretary of the Treasury Scott Bessent

February 3, 2025 @ 1:02 pm By JD Alois |

Secretary of the Treasury Scott Bessent is picking up another leadership role as President Donald Trump named Bessent Acting Director of the Consumer Financial Protection Bureau (CFPB). As Bessent steps in, Rohit Chopra, the Director under the Biden Administration, is now without a job. Bessent… Read More

Trump Treasury Secretary Pick Scott Bessant Not Interested in CBDCs

January 16, 2025 @ 5:13 pm By JD Alois |

Scott Bessant, incoming President Donald Trump’s selection to become the Secretary of the Treasury, is not supportive of a CBDC or central bank digital currency. A graduate of Yale, Bessent is a hedge fund manager who worked for George Soros at one time, but today,… Read More

AI Enhanced Financial Crime and Deepfakes Becoming Major Problem for Banking Institutions, US Treasury Dept Warns

April 2, 2024 @ 7:10 am By Omar Faridi |

A recent report released by the US Treasury has called on banking institutions to enhance their risk management controls/frameworks so that they can avoid being overwhelmed by AI-powered fraudsters and malicious cybercriminals. The research report, which is reportedly the end result of an executive order… Read More

Chainalysis Examines Bitcoin Addresses Included in OFAC’s Designation that Were Reportedly Used to Facilitate Illicit Activities

November 4, 2023 @ 2:10 pm By Omar Faridi |

On November 3, 2023, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russian national Ekaterina Zhdanova for using cryptocurrency “to launder money on behalf of Russian elites, ransomware groups, and other bad actors.” Chainalysis has examined the three Bitcoin… Read More

Secretary of the Treasury Janet Yellen Provides Answers to Senator Toomey’s Questions including Stablecoin Clarification

November 30, 2021 @ 9:55 am By JD Alois |

The Secretary of the Treasury Janet Yellen has provided responses to questions put forth by Senator Pat Toomey – the ranking Republican on the Senate Banking Committee. The questions are in follow-up to a recent hearing at the Committee. Yellen, along with Fed Chairman Jerome… Read More

US Department of Treasury Hosts Financial Innovation Roundtable, Secretary Yellen Says Misuse of Crypto is a Growing Problem

February 10, 2021 @ 9:10 pm By JD Alois |

The US Department of Treasury hosted the U.S. Financial Sector Innovation Policy Roundtable the past two days. Policymakers and regulators, as well as members of the private sector, participated in the meeting to discuss policy issues surrounding Fintech and innovation “fostering economic recovery, competitiveness, and financial… Read More