Treasury Department States Banks May Hold Crypto on Their Balance Sheets in Some Situations
Simply put The OCC has confirmed that banks can now hold and utilize virtual currencies, even for paying blockchain network fees tied to authorized banking activities. Additionally, banks are permitted to hold digital assets for testing purposes related to cryptocurrency platforms, rolling back some restrictions from the Biden administration. This policy supports a prior initiative […]
Bitcoin Treasury KindlyMD Continues Stock Decline Following Earnings Postponement
Simply put KindlyMD’s stock saw a nearly 10% drop on Monday after the company failed to meet its third-quarter earnings deadline, which was complicated by accounting issues from the Nakamoto merger. The stock value of this Bitcoin treasury company has plummeted 95% compared to six months ago. The projected losses for the third quarter include […]
Treasury Secretary Scott Bessent cautions about the ‘perfect storm’ driving ground beef prices to $10 a pound.
WASHINGTON — The cost of steak is on the rise. On Sunday, top officials from President Trump’s administration defended his efforts to tackle the increasing food prices in the wake of the unrest. Reports suggest that ground beef prices may reach $10 per pound soon. Treasury Secretary Scott Bessent attributed the high prices to a […]
Last five minted pennies from the US Treasury could lead to a bidding war worth millions.
U.S. Treasury to Mint Final Penny The U.S. Treasury plans to mint its last penny today. Treasury Secretary Scott Bessent shared that production of the final five pennies, featuring a unique Omega mark, will conclude, turning them into potential collector’s items worth millions. Initially authorized by the Coinage Act of 1792, the penny has become […]
Clinton’s Treasury secretary stayed in contact with Jeffrey Epstein years after his conviction.
Documents released by House Republicans on Wednesday indicate that Larry Summers, who served as Treasury Secretary under former President Bill Clinton, maintained regular contact with Jeffrey Epstein even after Epstein’s conviction on prostitution-related charges. These documents, totaling over 20,000 pages, contain email exchanges between Summers and Epstein from 2016 to 2019. Interestingly, the correspondence reveals […]
Emails reveal that Jeffrey Epstein offered relationship advice to former Clinton Treasury Secretary Lawrence Summers.
Recent emails released by the House Oversight Committee have shown that top economic officials from the Clinton and Obama administrations consulted convicted sex offender Jeffrey Epstein about a woman, whose identity remains unknown. Among these officials was Lawrence Summers, who served as treasury secretary under Clinton and chaired the National Economic Council during Obama’s presidency. […]
Treasury Secretary Bessent criticizes MSNBC for its claims about the Argentina ‘bailout’
Treasury Secretary Responds to Mischaracterization of Argentina Aid Treasury Secretary Scott Bessent clarified after MSNBC suggested that the Trump administration was offering “bailouts” to Argentina. Bessent emphasized, “Most bailouts don’t make money. The U.S. government did.” In October, news surfaced regarding a $20 billion currency swap deal between the Trump administration and Argentina. Media outlets […]
A Treasury fund sparks community growth — keep it in place.
Revitalizing Communities and Industry Reviving America’s communities and industries is a key focus for the Trump administration. To meet this goal, Congress and federal agencies are implementing policies intended to foster economic growth and build fiscal resilience, all while providing much-needed relief to millions of Americans and small businesses nationwide. During my time as president […]
U.S. Treasury Imposes Sanctions on Drug and Migrant Smuggling Group Tied to Cartels in Cancun
The U.S. Treasury Department has targeted a human smuggling operation based in Cancun, which facilitated the movement of migrants to various regions including the Middle East, Europe, Asia, and South America. This group reportedly utilized yachts to transport thousands of migrants to Mexico, subsequently collaborating with others to transport them into California. Recently, U.S. Treasury […]
Trump Sons’ Bitcoin Holdings Increase After $163 Million Investment in BTC Treasury
Simply put American Bitcoin has acquired 1,414 bitcoins, the company announced on Monday. Bitcoin was trading at a two-week high above $115,500. Over 200 companies have built Bitcoin vaults. American Bitcoin (ABTC), which is publicly traded and backed by Eric Trump and Donald Trump Jr., recently reported an addition of 1,414 Bitcoins valued at around […]