Key Highlights: The U.S. Treasury Department is moving to sever crypto exchange MEXC from the U.S. financial system over allegations it processed at least $16 billion in illicit funds. FinCEN issued the order under Section 9714 of the Combating Russian Money Laundering Act, barring domestic financial institutions from transacting with or transferring crypto to MEXC. ...
Key Highlights: The U.S. Department of the Treasury targeted 41 corporate entities across jurisdictions including the British Virgin Islands, Hong Kong, Cambodia, Singapore, Mauritius, and Malaysia linked to Prince Group’s illicit operations. Prince Group is accused of amassing billions of dollars through cyber fraud, romance scams, and crypto investment schemes often operated from Southeast Asian ...
Key Highlights: Primary dealers are urging the U.S. Department of the Treasury to spread liquidity-support buybacks across a wider range of securities rather than concentrating funds in a handful of issues. In a recent operation capped at $6 billion, the Treasury received $39.636 billion in offers—an oversubscription ratio of 6.61 times—with a single bond maturing ...
Key Highlights The US Treasury is pursuing an “Operation Treasury Twist” by repurchasing 10- to 30-year bonds and financing them with short-term bills, a maneuver that analyst Farrell views as potentially dollar-weakening and bullish for Bitcoin. Mounting US debt—with a budget deficit around 6% to 7% of GDP and public debt surpassing 120%—may force looser ...
Key Highlights: The administration of President Donald Trump is advancing a strategic push to onshore cryptocurrency businesses and position digital assets as essential economic infrastructure. Officials emphasize that dollar-pegged stablecoins can bolster the U.S. dollar’s global standing while serving as a vital vehicle for federal debt financing. The initiative builds upon legislative milestones, notably the ...