Guggenheim Treasury Services Plans to Launch Digital Commercial Paper on the XRP Ledger
A digital commercial paper (DCP), an asset backed by the US Treasury and rated Prime-1 by Moody’s, has been launched on the XRP Ledger (XRPL). This public blockchain aims to facilitate the efficient tokenization of real assets. Guggenheim Ministry of Finance Services, which manages one of the world’s largest platforms for commercial paper, oversees the […]
Banking Groups Call on US Treasury to Enhance Security Following Email Breach
Trade Groups Push US Treasury for Stronger Cybersecurity Measures Trade organizations in the financial sector are calling on the US Treasury to enhance cybersecurity protocols following the breach of sensitive emails belonging to over 100 bank regulators that persisted for more than a year. A letter addressed to Treasury Secretary Scott Bescent was sent on […]
Elon Musk confronted Treasury Secretary Scott Bessent ‘like a rugby player’ during intense exchange at the White House, according to reports.
Elon Musk and Treasury Secretary Scott Bessent Clash at the White House Elon Musk recently found himself in a heated argument with Treasury Secretary Scott Bessent after being labeled a fraud. The conflict erupted in mid-April during a meeting to discuss a proposed Internal Revenue Service plan from Trump’s administration. Ultimately, President Trump sided with […]
Crypto Treasury Firms Are Optimistic About Bitcoin and XRP. But Avoid Investing.
Understanding Cryptocurrency Treasury Strategies Startups are increasingly adding Bitcoin and XRP to their balance sheets for various reasons. However, it’s uncertain whether shareholders are actually seeing any value from this. Many believe that directly owning these cryptocurrencies might be a safer choice. Take MicroStrategy, for example, well-known for its Bitcoin Treasury strategy—buying crypto and keeping […]
Greg Kidd to Gain Majority Stake in Know Labs and Implement Bitcoin Treasury Plan
Seattle, June 6, 2025 Know Labs, Inc. (NYSE American: Knw), a company focused on non-invasive health monitoring technologies, has announced that it has reached an agreement with Goldeneye 1995 LLC, associated with Greg Kidd, who is a fintech investor and former chief risk officer at Ripple. According to the deal, the Buyer will take on […]
Republican senators advocate for establishing essential Musk-influenced DOGE savings at the Treasury.
A group of Republican lawmakers is working to reinforce key reforms introduced by President Trump and the Department of Government Efficiency, often referred to as DOGE. Senators Joni Ernst from Iowa and Aaron Bean from Florida, leading what they call the Senators Doge Caucus, plan to present a bill that has the backing of other […]
Ethereum Foundation Establishes Treasury Plans to Support DeFi and Reduce Expenses Gradually
Simply put In response to community input, this policy aims to standardize the Foundation’s methods for selling ETH. The foundation’s goal is to cut annual expenses from 15% down to 5% over the next five years. It also incorporates a set of “Defipunk” principles to evaluate the Defi protocol prior to deploying financial resources. The […]
Treasury Secretary disputes media warnings about tariffs as inflation decreases
Scott Bescent Discusses Tariffs on CBS “Face the Nation” In a recent interview on “Face the Nation,” Treasury Secretary Scott Bescent addressed concerns regarding the Trump administration’s tariffs on imports. He noted that these tariffs had been cooled to a four-year timeline and emphasized warnings about potential price increases for consumers. Brennan pressed him on […]
Trillions in untraceable Treasury payments spark anger among GOP senators
Massive Untraceable Payments Discovered by Musk’s Department Earlier this year, the Department of Government Efficiency (DOGE), led by Elon Musk, identified an astonishing $4.7 trillion in untraceable Treasury payments. Before this revelation, tracking these Treasury payments was almost impossible, as the identification code was often left blank. This indicated a significant gap in understanding where […]
Treasury Market Does Not Reflect Concerns About Fiscal Crisis
Do Not Press the Bond Market Panic Button Many analysts on Wall Street were quick to react with alarm following Wednesday’s disappointing 20-year financial auction. Yields increased, stock values dipped, and commentators rushed to declare a crisis. James McIntosh from the Wall Street Journal aptly captured this sentiment, comparing the bond market’s situation to a […]