U.S. Treasury Department

Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation

</header> <strong>U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot of ‘Benjamins’ all over the world” and emphasized the strength of the …

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The Myth of Authority: Mnuchin Denies USD Is Used Criminally

</header> <strong>U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the …

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Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics

</header> <strong>The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out many times before, it takes on special significance now in light of president Trump’s recent comments about …

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US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro cryptocurrency. The Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has designated Evrofinance Mosnarbank – which is jointly owned by Russian and Venezuelan state-owned firms – to the Specially Designated Nationals List, as it …

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