Labour peer apologizes for contacting the Treasury to support the cryptocurrency company he advised.
Keir Starmer’s associates and a trade mission have issued an apology for breaching the House of Representatives’ code of conduct by contacting the Treasury to advocate for a cryptocurrency firm that employed him. Ian McNicol, the former general secretary of the Labour Party, was found to have broken the rules in June 2023 for providing […]
Tether Purchases $459 Million in Bitcoin to Support New BTC Treasury Company
New Bitcoin Company Set to Launch on NASDAQ Twenty One, a new Bitcoin venture, is gearing up for its NASDAQ debut through a merger with Cantor Equity Partners. This company has already secured $459 million in Bitcoin due to a deal involving the stablecoin giant Tether. According to a recent SEC filing, Cantor Equity Partners […]
Treasury Department imposes sanctions on over 20 companies for supplying Iranian oil to China
The Ministry of Finance announced on Tuesday that it has authorized a network of over 20 companies alleged to have supplied Iranian oil to China. The Office of Foreign Assets Control (OFAC) revealed that billions in oil have been dispatched to Beijing for Iran’s military leadership and its primary commercial partner, Sepere Energy. “Today’s measures […]
Carrot and Stick: Treasury Imposes New Oil Sanctions on Iran While Trump Promises a Brighter Future
The Treasury Department announced new sanctions on Iran’s oil sector on Tuesday as President Trump seeks potential nuclear agreements with the country. The Office of Foreign Assets Control (OFAC) has targeted around 20 entities involved in Iran’s illicit oil trade, aligning with the administration’s “maximum pressure” strategy against the Iranian government. These sanctions are intended […]
Nakamoto Holdings joins forces with KindlyMD to create a Bitcoin treasury.
KindlyMD Merges with Nakamoto Holdings to Form Bitcoin Ministry of Finance KindlyMD, a healthcare service provider, has joined forces with Nakamoto Holdings, a Bitcoin-centric holding company, with plans to establish the BTC Ministry of Finance. As reported on May 12th, the merger is a collaborative effort led by David Bailey, who is recognized as a […]
US and China Agree on Plan to Reduce Trade Deficit, According to US Treasury Secretary Scott Bessent
Geneva Talks Yield Progress in US-China Trade Relations US Treasury Secretary Scott Bescent reported notable advancements in discussions with US economic officials on Sunday. Bescent informed the press that more specifics will be shared on Monday, emphasizing that President Donald Trump is fully briefed on the positive outcomes of these “productive consultations.” US Trade Representative […]
Senate closely votes down cryptocurrency bill supported by Treasury Secretary Bessent
A cryptocurrency bill backed by the Treasury, known as the Genius Bill, faced a close defeat in the Senate during a procedural vote on Thursday. This legislation aimed to establish a new regulatory structure for digital currencies but stumbled due to a last-minute shift among Democratic senators. The bill required 60 votes to proceed, but […]
Scott Bessent denies Maxine Waters’ assertion that he permitted ‘strangers’ to view Treasury information.
Treasury Secretary Challenges Rep. Waters Over Data Access On Wednesday, Treasury Secretary Scott Bescent confronted Rep. Maxine Waters, a Democrat from California, regarding claims that “strangers” could access sensitive information within his department. Waters pointed out concerns about the Government Efficiency Office (DOGE) staff having access to Treasury data during a House Financial Services Committee […]
Watch live as Bessent speaks on Treasury supervision amid growing economic challenges
Treasury Secretary Scott Bessent is set to appear before the House Appropriations Committee Tuesday morning. Recently, President Trump has shifted his perspective on the economy, suggesting that Americans might need to limit purchases and possibly pay more amidst an uncertain economic landscape. When questioned about a potential recession earlier this month, he remarked, “anything could […]
Treasury warns Defra of a £4bn charge if Thames Water is nationalised.
Officials in Whitehall have found themselves at odds over what’s next for Thames Water, especially after the Treasury instructed the Environment Department to cover the financial burden of a potential temporary nationalization worth billions. This situation is particularly pressing for the UK’s largest water company, which almost ran out of funds just days ago. Thames […]