US Treasury Secretary Scott Bessent Emerges as Frontrunner for AI Czar Role
Reports indicate Scott Bessent is the leading candidate for Donald Trump's newly announced AI czar position, replacing D...
Stablecoin reserves boost US short-term debt demand but leave long-term bonds untouched
The GENIUS Act directs stablecoin reserves to short-term US debt, while Treasury expands buybacks for long-term bonds.
US Treasury’s $739 billion borrowing plan may reduce crypto market liquidity before bond buybacks help
The US Treasury will borrow $739 billion while buying back older bonds, but heavy new debt issuance could limit liquidit...
US Treasury launches task force to address quantum computing risks for crypto
The US Treasury has formed a quantum-readiness task force, including a workstream focused on digital assets, to prepare...
Bitcoin Surpasses $68,000 Following US Treasury Debt Buyback Increase
Bitcoin rose nearly 3% to cross $68,000 after the U.S. Treasury announced it would double government debt repurchases to...