The US Treasury is investigating ways to expand its reserve of Bitcoin, aiming to solidify the country’s position as a leader in the cryptocurrency market. Secretary Scott Bessent […]
US Treasury Reopens Door to Bitcoin Acquisition: Bessent Clarifies
The US Treasury Department has clarified its stance on acquiring Bitcoin, signaling the possibility of expanding its BTC reserves via budget-neutral methods. After initial confusion about the plan’s […]
US Treasury Backtracks on Bitcoin Purchase Plans
Amidst uncertainty surrounding the US Treasury’s Strategic Bitcoin Reserve (SBR), Secretary Scott Bessent has clarified that budget-neutral pathways for expanding the reserve remain under consideration. This follows his […]
Treasury Secretary Bessent Doubles Down on Bitcoin Reserve Expansion
US Treasury Secretary Scott Bessent announced the formation of the Strategic Bitcoin Reserve, a new initiative based on government-held Bitcoin. This follows President Trump’s executive order in March […]
U.S. Halts Bitcoin Purchases: Crypto Market Suffers Significant Drop
The U.S. Treasury has announced it will cease purchasing Bitcoin, impacting crypto markets and triggering a notable price decline. This announcement comes from Secretary of the Treasury Scott […]
U.S. Treasury Secretary Stands Firm on Gold Reserves
U.S. Treasury Secretary Janet Yellen reaffirmed the United States’ commitment to its gold reserve holdings, stating that it is unlikely there will be a reassessment of these holdings. […]
BNY to Manage and Secure OpenEden’s Tokenized US Treasury Fund Assets
Singapore-based fintech firm OpenEden has selected BNY Mellon as the investment manager and primary custodian for the assets backing its tokenized US Treasury fund. Launched in 2023, this […]
Bessent Calls for Significant Interest Rate Cut in September
US Treasury Secretary Scott Bessent has made a strong statement on interest rate expectations following the release of US inflation data. While over 90% of financial experts anticipate […]
U.S. Treasury Yields Fall as Inflation Meets Forecasts
The U.S. Treasury market experienced a decline in yields following the release of data showing inflation aligned with expectations. This move, according to PANews, saw Treasury prices increase […]
Stablecoin Giants Hold $145 Billion in U.S. Treasuries
The influence of stablecoin issuers is significantly impacting the U.S. Treasury market, with companies like Circle and Tether holding over $145 billion in US debt. This substantial investment […]
US Treasury Secretary Discusses Stablecoins and Future of Dollar Currency
US Treasury Secretary Scott Bessent made recent statements regarding stablecoins, a topic of ongoing discussion in the cryptocurrency market within the United States. During a Senate subcommittee hearing, […]
Stablecoins Set to Dominate US Treasury Market with $2 Trillion Demand Predicted
The world of finance is rapidly evolving, with digital assets playing an increasingly significant role. U.S. Treasury Secretary Bessent recently predicted a massive potential demand for stablecoin holdings […]
Stablecoin Demand Could Surge to $2 Trillion, Boosting US Treasury Markets
Recent legislation aiming to regulate digital dollar reserves suggests a major shift in the financial landscape. As stablecoins become increasingly integrated with traditional markets, they are driving significant […]
Scott Bessent Clashes with Democrats over Budget Concerns
During a House Ways and Means Committee hearing, US Treasury Secretary Scott Bessent clashed with Democratic representatives regarding the escalating national deficit. Bessent attributed the significant increase in […]
Stablecoin Legislation: Reshaping $29 Trillion Treasury Market
New congressional legislation is poised to fundamentally alter the U.S. Treasury market, potentially disrupting segments worth $29 trillion. The proposed framework would establish a regulatory framework for stablecoins, […]