News list for " the Treasury"
US Treasury Secretary Scott Bessent said in a post on the X platform that 17 years after the release of the white paper, the Bitcoin network is still functioning and more resilient than ever. Bitcoin has never shut down, and Senate Democrats can learn something from it.
Speaking at the annual conference of the Asian Securities Industry and Financial Marekt Association, Hong Kong's Secretary for Financial Services and the Treasury, Hui Cheng-yu, said that Hong Kong will further relax asset appraisal requirements and accept investments made through qualified private companies. The tax system for funds and single family offices will also be improved, and a new change of domicile system will be introduced to attract more international companies to set up offices or...
The US Treasury secretary said the strong dollar policy continued under Mr. Trump, saying in an interview that it had not wavered at all. "We want a stronger dollar. We don't want other countries to manipulate trade by devaluing their currencies."
US Treasury secretary Scott Bescent said he had personally vetted Treasury employees on Elon Musk's government efficiency team who had read-only access to federal payments data and that the Treasury payments system had not been modified. "This is an operational plan to suggest improvements," Mr. Bescent said in an interview on Thursday. "The ability to change the system is in the hands of the Fed. This system is not even run by us." Mr. Bescent is confident in Mr. Musk's team,...
The US Treasury secretary said the strong dollar policy continued under Mr. Trump, saying in an interview that it had not wavered at all. "We want a stronger dollar. We don't want other countries to manipulate trade by devaluing their currencies."
The Trump administration's focus on lowering borrowing costs is on the 10-year Treasury yield rather than the Federal Reserve's benchmark short-term interest rate, Treasury Secretary Vincent Bescent said. "He and I are focused on the 10-year Treasury," Mr. Bescent told Fox Business when asked if President Donald Trump wanted to lower rates. "He's not calling for...
Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, said in a radio interview that Hong Kong, as an asset management center or hub, will consult the market on the virtual asset custodian system this year and will gradually establish the entire virtual asset ecosystem, so that the market can not only develop sustainably, but also further integrate the new financial sector with the real economy.
The US Senate Finance Committee has voted to confirm Scott Bessant's nomination as Treasury Secretary, sending him to the full Senate for consideration.
US Treasury Secretary Janet Yellen, we haven't seen much progress on inflation in the past few months.
U.S. Treasury Secretary Janet Yellen has again called for stricter regulation of cryptoassets and stablecoins, noting the need to address vulnerabilities in the financial system. Speaking at the final meeting of the Financial Stability Oversight Council (FSOC) this year, Yellen highlighted the dual impact of digital asset innovation. While it brings market benefits, it also poses significant risks such as cyber security threats and operational challenges. Yellen warned that digital asset innovat...
