Treasury | Crypto

Crypto majors are trading in the red after an overnight dip, with Bitcoin (BTC) down 1% at $104,800, Ethereum (ETH) down 1% at $3,550, Binance Coin (BNB) down 2% at $978, and Solana (SOL) down 3% at $163. Among top movers, Uniswap (UNI) surged 20% and Aerodrome (AERO) gained 16%, while Zcash (ZEC) tumbled 25% to $474 but remains up 16% on the week. The US Treasury and IRS issued new guidance making it easier for ETFs to stake crypto tokens and distribute rewards to investors. Uniswap also announced a major governance proposal to activate its fee switch, conduct an initial 100 million UNI token burn, and introduce several other changes, helping boost UNI by 20%. Meanwhile, the US Senate released its first draft of a crypto market structure bill, marking a significant step toward advancing regulatory clarity. In corporate news, Jack Dorsey’s Square revealed support for Bitcoin payments across its 4 million merchants, while Gemini’s stock dropped 12% after reporting a $159.5 million net loss for Q3.

The IRS and Treasury said trusts can now generate staking rewards for crypto ETF investors without fear of tax or regulatory repercussions.

Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest. The US Department of the Treasury is facing conflicting feedback from crypto companies and traditional banking groups over how to implement the GENIUS Act, the law that regulates stablecoin payments in the US. In a letter on Tuesday, Coinbase urged the Treasury to limit a ban on stablecoin interest payments exclusively to stablecoin issuers, while allowing it for non-issuers, such as crypto exchanges. Coinbase said its proposal aligns with Congress’s intent when passing the legislation. At the same time, several banking groups, led by the Bank Policy Institute (BPI), have pressed the Treasury to extend the prohibition to non-issuers, advocating for a blanket ban on stablecoin interest payments. Read more

As the Treasury’s Under Secretary for Domestic Finance, Jonathan McKernan can influence policies on banking and a US digital dollar. A majority of lawmakers in the US Senate voted to confirm Jonathan McKernan as Under Secretary for Domestic Finance at the Department of the Treasury. In a Tuesday vote of 51 to 47, the Senate confirmed McKernan to the US Treasury, serving under Secretary Scott Bessent. Though the US government has been shut down since lawmakers failed to pass a bill extending funding beyond Sept. 30, Congress can essentially continue to operate. McKernan, nominated to the Treasury by US President Donald Trump in June, has previously suggested opposition to debanking policies in the government, but did not explicitly tie the alleged practice to any association with digital assets. In a December X post, he cited an article from economist Tyler Cowen questioning whether the US banking system could “integrate with crypto.” Read more

The bill to establish rules for payment stablecoins was signed into law by US President Donald Trump in July and awaits final regulations before implementation. The US Department of the Treasury on Thursday opened a second period of public comment on the implementation of the GENIUS Act, legislation aimed at regulating stablecoin payments in the US that was signed into law by US President Donald Trump. In a Thursday notice, the Treasury said that, though the advance notice of proposed rulemaking was not required to implement the GENIUS Act, it invited the public to comment on the stablecoin law, saying it would build upon its work. The Treasury officially opened up comment in August, giving the public until Oct. 17 to submit concerns or feedback related to illicit activity. The Thursday notice provides a 31-day window for comments. Read more

The U.S. Treasury Department launched a formal process to transform the newly enacted GENIUS Act into a framework of regulations for stablecoins, inviting the public and crypto industry to weigh in on key compliance issues. The department opened an advance notice of proposed rulemaking on Sept. 18, the first step in gathering feedback before drafting […] The post Treasury opens comment period to shape GENIUS Act into stablecoin regulation appeared first on CryptoSlate.

Following a $110M investment from its top shareholder, Nasdaq-listed Tron Inc. has doubled its treasury, cementing its corporate strategy to build its Tron Inc. TRX holdings and emulate MicroStrategy. The post Tron’s Biggest Backer Fuels $110M TRX Buy, Doubling Company’s Treasury to $220M appeared first on Cryptonews.

Critics warn the US Treasury’s push to embed ID checks into DeFi smart contracts could erode privacy and hollow out permissionless finance. The US Treasury is exploring whether identity checks should be built directly into decentralized finance (DeFi) smart contracts, a move critics warn could rewrite the very foundations of permissionless finance. Last week, the agency opened a consultation under the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which was signed into law in July. The Act directs the Treasury to evaluate new compliance tools to fight illicit finance in crypto markets. One idea was embedding identity credentials directly into smart contracts. In practice, this would mean a DeFi protocol could automatically verify a user’s government ID, biometric credential, or digital wallet certificate before allowing a transaction to proceed. Read more

Macro conditions suggest Bitcoin (BTC) might face a multi-week performance slowdown if global M2 money supply peaks in September, according to a recent report by Delphi Digital. The BTC-M2 relationship using a 10-week offset shows M2 data already rolling over roughly 8% from projected September highs.  Bitcoin has historically followed M2 peaks with performance lags, […] The post How the US Treasury’s cash rebuild could cap Bitcoin enthusiasm through fall appeared first on CryptoSlate.

The comments, due by Oct. 17, will focus on “innovative methods to detect illicit activity involving digital assets,” as required by the GENIUS Act. The US Treasury Department has issued a call for comments related to the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law by President Donald Trump in July. In a Monday notice, the Treasury said “interested individuals and organizations” could provide feedback to the government department on “innovative or novel methods, techniques, or strategies to detect and mitigate illicit finance risks involving digital assets.” Treasury officials said the call for comments by Oct. 17 was part of the requirements under the GENIUS Act. In a Monday X post, Treasury Secretary Scott Bessent called the move “essential” for implementing the law to “[secure] American leadership in digital assets.” After receiving comments from the public, the Treasury will research the methods proposed and submit reports to the Senate Bank...

The Treasury is considering embedding digital identity checks into DeFi smart contracts as part of its GENIUS Act consultation on crypto compliance tools. The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts. The consultation, published this week, stems from the newly enacted Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), signed into law in July. The Act, which sets out a regulatory framework for payment stablecoin issuers, directs the Treasury to explore new compliance technologies, including application programming interfaces (APIs), artificial intelligence, digital identity verification and blockchain monitoring. Read more

Bitcoin dips to $117,929 after Treasury’s ‘no buy’ stance, but bullish technicals hint at a $130K breakout. Smart money sees opportunity, not panic. The post Bitcoin Price Prediction: Treasury ‘No Buy’ Triggers Panic Dip – Smart Money Sees Opportunity, Not Fear appeared first on Cryptonews.

US Treasury Secretary Scott Bessent clarified on X that the department is still exploring budget-neutral ways to purchase Bitcoin, contrasting an earlier comment that tanked the crypto markets. US Treasury Secretary Scott Bessent has clarified that his department is still exploring budget-neutral ways to buy Bitcoin for the Strategic Bitcoin Reserve — contrasting with his recent comments suggesting the plan was off the table, which triggered a Bitcoin sell-off. “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world,’” Bessent clarified in an X on Thursday.  He reiterated that the Bitcoin (BTC) forfeited to the federal government would form the reserve’s foundation. There were already concerns that the US’s slow pace of executing its Strategic Bitcoin Reserve could leave it open to being front-run by other nation-states. Some feared that the Treasury may n...

Treasury Secretary Scott Bessent confirmed the government may still expand its Bitcoin (BTC) holdings on Aug. 14, backtracking remarks made a few hours earlier. Bessent had told reporters during a television interview in the morning that the Strategic Bitcoin Reserve would remain at its current level. He said the reserve would consist of approximately $15 […] The post Bessent backtracks, says Treasury committed to ‘exploring budget-neutral pathways’ to add Bitcoin appeared first on CryptoSlate.

The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022. The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities. In a Thursday notice, OFAC said it had redesignated Garantex as well as sanctioned its “successor,” Grinex, three Garantex executives and six Russia- and Kyrgyz Republic-based companies for allegedly facilitating illicit transactions. According to the government agency, the Garantex exchange processed more than $100 million tied to illicit activities since 2019. “Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion,” said John Hurley, under secretary of the Treasury for terrorism and financial intelligence. Read more

BNY Mellon will manage and custody the assets backing OpenEden’s Moody’s “A”-rated tokenized US Treasury fund, expanding the bank’s presence in blockchain-based finance. Real-world asset (RWA) tokenization platform OpenEden partnered with The Bank of New York Mellon Corporation (BNY Mellon) to manage and custody the underlying assets of its flagship tokenized US Treasury product, TBILL.  OpenEden announced the partnership Wednesday, bringing one of Wall Street’s largest and oldest custodians into the growing market for tokenized Treasurys. OpenEden said TBILL is the first tokenized US Treasury fund with a Moody’s “A” rating to have its assets managed by a global custodian.  Read more

French Capital B adds 126 BTC to treasury for €12.4M bringing total holdings to 2,201 Bitcoin worth $233M achieving remarkable 1,519.5% BTC yield as Europe's leading Bitcoin treasury company. The post French Capital B Adds 126 BTC to Treasury, Holdings Reach 2,201 Bitcoin Worth $233M appeared first on Cryptonews.

Tether’s USDT supply has increased by $26 billion in 2025, pushing its market cap to $163.6 billion as global demand for stablecoin grows. Stablecoin-issuer Tether has become the 18th-largest holder of United States Treasurys globally, surpassing the holdings of South Korea, according to a recent attestation report.  On Thursday, Tether said in its attestation report for the second quarter of 2025 that it holds $127 billion in US Treasury bills. The company said it has $105.5 billion in direct US Treasury exposure and $21.3 billion held indirectly.  Tether’s current holdings show a $7 billion increase from the first quarter. On May 19, the stablecoin issuer reported having $120 billion in T-bills, overtaking Germany’s holdings to take the 19th spot.  Read more

Tether has minted over $20 billion worth of USDT since the start of 2025, pushing the stablecoin’s total circulation beyond $157 billion, according to its quarterly attestation report released on July 31. The company noted that over $13.4 billion in USDT was issued during the second quarter alone, reflecting strong demand for the dollar-pegged token […] The post Tether reports $5.7 billion profit amid record $127 billion US Treasury investments appeared first on CryptoSlate.

Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table. The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion. Tether’s USDT tops the cohort. […] The post Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea appeared first on CryptoSlate.