US Treasury
The US Treasury has published a notice of proposed rulemaking seeking public comment on state-level rules for dollar-pegged stablecoins as the sector's market cap approaches $300 billion. The move aims to gather stakeholder input that could shape regulatory clarity and market practice.
A Treasury report to Congress acknowledges legitimate privacy uses for crypto mixers while maintaining anti‑illicit finance concerns. The document was prepared under directives from the GENIUS stablecoin regulatory framework.
The US Treasury has blacklisted two UK-registered cryptocurrency exchanges tied to Iran’s financial network, marking the first time Washington has sanctioned digital asset trading platforms directly. The move restricts US dealings with the firms and raises secondary sanctions risk for counterparties.
In March 2025, President Donald Trump established the Strategic Bitcoin Reserve, positioning the U.S. as the largest government holder of bitcoin with 200,000 BTC. This move has sparked diverse reactions and inspired other states to create similar digital asset stockpiles.
Recent updates reveal significant shifts in US treasury markets following Moody's credit rating downgrade, with policymakers considering regulatory changes. Meanwhile, Coinbase's S&P 500 inclusion marks a pivotal moment for the crypto space, prompting discussions about its regulatory position.