U.S. Treasury Department

U.S. Treasury's New Crypto Point Person Says Stablecoin Law a Good First Goal

Tyler Williams, an ex-industry lawyer hired as crypto counselor for Treasury Secretary Bessent, said there's a ton of inside work to be done in the department.

By Jesse HamiltonFeb 27, 2025

U.S. Treasury Department's Tyler Williams, crypto counselor

Policy

U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians

The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments to the agency.

By Jesse HamiltonJun 28, 2024

U.S. Treasury Department (Nikhilesh De/CoinDesk)

Policy

Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Ingredients: U.S.

The financial-crimes arm of the U.S. Treasury Department has flagged the increased use of several crypto assets to support Mexican drug trafficking

By Jesse HamiltonJun 20, 2024

U.S. authorities have warned about Mexican cartels using crypto to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)

Opinion

In Conversation With Brian Nelson

Senior Treasury official Brian Nelson came on stage in Austin to discuss various issues his team is working on.

By Nikhilesh DeJun 12, 2024

U.S. Treasury Under Secretary of Terrorism and Financial Intelligence Brian Nelson (CoinDesk/Shutterstock)

Policy

U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says

FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary.

By Cheyenne LigonMay 29, 2024

Brian Nelson, U.S. Treasury Under Secretary, Office of Terrorism and Financial Intelligence, U.S. Department of the Treasury, at Consensus 2024. (CoinDesk/Shutterstock)

Policy

U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance

The Department released its 2024 strategy for addressing illicit financing on Thursday.

By Nikhilesh DeMay 16, 2024

Deputy Treasury Secretary Adewale Adeyemo (Consensus/ShutterStock)

Policy

FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says

Deputy Treasury Secretary Wally Adeyemo wrote a letter to lawmakers discussing the extent to which Hamas may be using crypto.

By Nikhilesh DeMar 14, 2024

U.S. Deputy Secretary of the Treasury Wally Adeyemo has campaigned Congress to provide new authorities to oversee crypto outside the U.S. (Suzanne Cordiero/Shutterstock/CoinDesk)

Policy

U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules

Chairman of the House Financial Services Committee, Patrick McHenry (R-NC) and Congressman Ritchie Torres (D-N.Y) led a group of nine lawmakers in the effort.

By Amitoj SinghNov 16, 2023

U.S. Rep. Patrick McHenry got tied up as temporary Speaker of the House, distracting him from crypto legislation. (Jesse Hamilton/CoinDesk)

Policy

U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.

By Jesse Hamilton, Nikhilesh DeAug 25, 2023

U.S. Treasury Building (Nikhilesh De/CoinDesk)

Policy

U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M

An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday.

By Anna BaydakovaMay 19, 2023

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