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Asheville to Host Key G20 Finance Meetings as US Unveils 2026 Agenda
world8 days ago

Asheville to Host Key G20 Finance Meetings as US Unveils 2026 Agenda

U.S. Treasury Secretary Scott Bessent unveiled the 2026 G20 Finance Track priorities, announcing Asheville, North Carolina will host the G20 finance ministers and central bank governors meeting as part of a pro-growth, regulation-modernization agenda that also emphasizes debt transparency and restructuring, a vibrant digital assets framework, improved cross-border payments, and financial literacy, with meetings scheduled in Washington in April, Asheville in August, Bangkok in October, and a December Leaders’ Summit in Miami.

via U.S. Department of the Treasury (.gov)|
#asheville#debt-restructuring#finance-track
Warren urges Fed and Treasury to reject crypto bailout for billionaires
politics10 days ago

Warren urges Fed and Treasury to reject crypto bailout for billionaires

Sen. Elizabeth Warren asks the Treasury and the Federal Reserve to explicitly rule out using taxpayer dollars to bail out cryptocurrency billionaires as bitcoin slides about 50% from its October peak, warning such a rescue would enrich Trump-linked crypto interests and harm taxpayers. She also calls for stronger protections for retail crypto investors amid a selloff driven by leveraged liquidations, citing World Liberty Financial’s activity and losses among major crypto figures.

via CNBC|
#bitcoin#crypto#fed
Bitmine's ETH Hoard Reaches 4.29 Million Amid $10.7B Crypto & Cash Treasure
business27 days ago

Bitmine's ETH Hoard Reaches 4.29 Million Amid $10.7B Crypto & Cash Treasure

Bitmine Immersion Technologies reports total crypto+cash holdings of $10.7 billion, anchored by about 4.29 million ETH (roughly 3.55% of supply), 193 BTC, a $200 million Beast Industries stake, a $20 million Eightco stake, and $586 million in cash. About 2.897 million ETH are staked, yielding $188 million in annualized staking revenue (with MAVAN potentially pushing rewards to around $374 million once deployed). MAVAN is planned for early 2026. The company remains a leading ETH treasury with strong trading liquidity and backing from major institutional investors.

via PR Newswire|
#business#ethereum#investment
Trump Sues IRS and Treasury for $10 Billion Over Tax-Return Leaks
politics1 month ago

Trump Sues IRS and Treasury for $10 Billion Over Tax-Return Leaks

Donald Trump, his sons and the Trump Organization filed a $10 billion lawsuit in a Miami federal court against the U.S. Treasury and the Internal Revenue Service, alleging they failed to prevent leaks of his and related tax returns by former IRS contractor Charles Littlejohn to media outlets such as the New York Times and ProPublica, causing reputational and financial harm and potentially seeking punitive damages; Littlejohn has pleaded guilty and was sentenced to five years in prison, and Trump has pursued other lawsuits against media outlets in recent years.

via The Guardian|
#irs#leaks#politics
Bitmine Expands Ethereum Treasury to 4.243 Million ETH, Totals $12.8B in Crypto and Cash
business1 month ago

Bitmine Expands Ethereum Treasury to 4.243 Million ETH, Totals $12.8B in Crypto and Cash

Bitmine Immersion Technologies reports total crypto and cash holdings of $12.8 billion, including 4.243 million ETH (about 3.52% of supply), 193 BTC, a $200 million Beast Industries stake, a $19 million Eightco/ORBS stake, and $682 million in cash. Of this, roughly 2.01 million ETH are staked (~$5.7B), with MAVAN (Made-in America Validator Network) slated to launch in early 2026 as the company scales staking infrastructure. The release also notes strong liquidity for BMNR stock and continued institutional backing as it pursues its ETH accumulation strategy.

via PR Newswire|
#bmnr#business#eth
policy1 month ago

Treasury's banking-rule reset aims to unleash lending but fuels regulatory concerns

Treasury Secretary Scott Bessent is pushing a 'fundamental reset' of post-crisis banking rules, coordinating with independent regulators to loosen oversight, push digital assets into the banking system, and reduce costs for megabanks. Supporters say the approach could boost growth and lending, while critics like Sen. Elizabeth Warren warn it risks stability by subordinating risk management to Wall Street. Regulators stress they will balance growth with safety, but the unusually close Treasury involvement signals a centralized push on financial regulation.

via Politico|
#banking#deregulation#policy
US Weighs Large Yen Buy as Japan Market Jitters Ripple Through Treasuries
business1 month ago

US Weighs Large Yen Buy as Japan Market Jitters Ripple Through Treasuries

The U.S. Treasury signaled a possible intervention in the currency market after the New York Fed asked banks about the cost of exchanging yen for dollars, a move that sent the yen up about 1.6% and underscored concerns that Japanese market turbulence could lift U.S. borrowing costs; while no intervention occurred, the step signals a rare Treasury tool under Scott Bessent as Tokyo's fiscal and BoJ policy frame the risk.

via The New York Times|
#bank-of-japan#business#currency-intervention
Treasury Links New Markets Tax Credits with Program Reforms
government2 months ago

Treasury Links New Markets Tax Credits with Program Reforms

The U.S. Department of the Treasury announced new New Markets Tax Credits (NMTC) awards for 2024 and 2025, emphasizing community revitalization and stricter compliance with anti-discrimination laws, while also increasing investments in rural areas to support hospitals, small businesses, and manufacturing. The reforms aim to focus the program on its core mission of job creation and community development, moving away from ideological priorities.

via U.S. Department of the Treasury (.gov)|
#community-revitalization#economic-growth#government
US Treasury Considers Minting $1 Trump Coin for Independence Celebrations
politics4 months ago

US Treasury Considers Minting $1 Trump Coin for Independence Celebrations

The U.S. Treasury revealed a draft design for a $1 coin featuring Donald Trump to commemorate the 250th anniversary of American independence, sparking debate over its legality due to the depiction of Trump, which may violate laws against portraying living persons on currency. The final design has not yet been chosen, and further details are pending after the government shutdown ends.

via Reuters|
#coin-design#legal-controversy#politics
US Gold Reserves Surpass $1 Trillion Amid Record Rally
finance5 months ago

US Gold Reserves Surpass $1 Trillion Amid Record Rally

The US Treasury's gold reserves have surpassed $1 trillion in value due to record-high gold prices, driven by global economic uncertainties and investor demand, although the official accounting value remains much lower. The potential revaluation of reserves could significantly boost the Treasury's funds, but such a move would have broad financial implications. Most gold is stored at Fort Knox, with some conspiracy theories questioning its presence there.

via Bloomberg.com|
#finance#fort-knox#gold-price