Washington Financial News

14.04 / 19:07

Provident Target Fighting Align White House will crack down on Russian attempts to evade sanctions, Biden security advisor says

WASHINGTON — National security adviser Jake Sullivan said Thursday that the Biden administration is focused on ensuring Russia isn't able to evade punishing global sanctions for its war in Ukraine.

13.04 / 08:41

European Union Biden accuses Putin of 'genocide', wanting to 'wipe out' Ukrainians

President Joe Biden said Russia's war in Ukraine amounted to "genocide", accusing President Vladimir Putin of trying to "wipe out the idea of even being a Ukrainian".

12.04 / 18:21

Supply-Chain Woes Won’t Be Solved by ‘Reshoring,’ Report Says

WASHINGTON—Efforts by the U.S. and other countries to fix supply-chain problems by boosting domestic production aren’t likely to be effective, according to a report from the International Monetary Fund, which says diversifying sourcing is a better solution.

12.04 / 17:59

Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator

WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top banking regulator, according to people with knowledge of the Biden administration’s internal deliberations.

11.04 / 11:29

Target Washington Debates Cryptocurrency Rules, With Sights Set on Stablecoins

WASHINGTON—As Washington attempts to get its arms around the rapidly growing cryptocurrency industry, policy makers in the Biden administration and on Capitol Hill have identified stablecoins as an initial target for tighter regulation.

11.04 / 10:25

Target lawmakers Lawmakers target stablecoins for tighter regulation

WASHINGTON — As Washington attempts to get its arms around the rapidly growing cryptocurrency industry, policy makers in the Biden administration and on Capitol Hill have identified stablecoins as an initial target for tighter regulation.

08.04 / 10:19

UPS Digital Janet Yellen says a US digital dollar will take years, ‘not months,’ to develop

WASHINGTON — US Treasury Secretary Janet Yellen said the design and development of a digital dollar would likely take years if the US chose to create one, while outlining the various questions the Biden administration is weighing as it considers ways to make payments faster in the US.

08.04 / 00:23

Government regulation Former US Senator and House member joins Crypto Council for Innovation

Cory Gardner, who served as a United States senator for Colorado from 2015 to 2021, has joined the Crypto Council for Innovation, a crypto advocacy group aimed at establishing dialogues with governments and regulatory agencies on the benefits of digital assets.

07.04 / 21:13

UPS Digital Crypto-Like Digital Dollar at Least Several Years Away, Yellen Says

WASHINGTON—Treasury Secretary Janet Yellen said the design and development of a digital dollar would likely take years if the U.S. chose to create one, while outlining the various questions the Biden administration is weighing as it considers ways to make payments faster in the U.S.

07.04 / 18:19

Target Action U.S. Takes First Enforcement Actions Against Alleged Violators of Russia Export Controls

WASHINGTON—The U.S. on Thursday took its first actions to enforce the sweeping bans on the export of technology and industrial goods to Russia in response to the country’s invasion of Ukraine.

07.04 / 15:01

cryptocurrency Digital cryptocurrency news Bitcoin US Treasury Secretary Janet Yellen To Call For Better Regulation On Cryptocurrencies

US Treasury Secretary Janet Yellen may call for greater regulation of cryptocurrencies

07.04 / 11:43

Social Media Murder Refugees Jamal Khashoggi: Istanbul court transfers murder case to Saudi Arabia

A Turkish court ruled on Thursday to suspend the trial in absentia of 26 Saudis accused of the gruesome killing of Washington Post columnist Jamal Khashoggi, with the case to be transferred to Saudi Arabia.

07.04 / 10:55

Social Media Refugees Ukraine sanctions: Zelenskyy says delay over Russia oil embargo 'costing Ukrainian lives'

Ukraine's President Volodymyr Zelenskyy has said he is grateful for Western sanctions but argues they don't go far enough.

06.04 / 21:31

Biden Extends Pause on Federal Student-Loan Payments Through August

WASHINGTON—President Biden on Wednesday extended through Aug. 31 the pause on payments of federal student loans, arguing that resuming the payments would impose significant economic hardships on borrowers.

06.04 / 18:13

reserves U.S. Allies to Release Close to 60 Million Barrels of Oil From Reserves

PARIS—U.S. allies are planning to release close to 60 million additional barrels of oil from their reserves, officials familiar with the matter said, joining the Biden administration in an effort to tame prices that have risen sharply since Russia invaded Ukraine.

06.04 / 15:15

end Biden Administration to Extend Student-Loan Payment Pause Through End of August

WASHINGTON—The Biden administration is planning to extend until the end of August a pause on federal student-loan payments, according to people familiar with the matter.

06.04 / 12:09

cryptocurrency Adoption Ruble US Hits Russian Crypto Exchange with Sanctions, Russian Central Bank Affraid That Crypto Will Replace Ruble

The United States has hit the crypto exchange Garantex with sanctions, claiming that it has “willfully disregarded” anti-money laundering and countering the financing of terrorism (AML, CFT) obligations and “allowed” its “systems to be abused by illicit actors.” A joint Washington-Berlin effort has also closed down darkweb servers in Germany – while the Russian Central Bank says it is still opposed to crypto adoption.

06.04 / 00:49

Manufacturing U.S. Trade Chief Outlines Policy Shift, Citing Ukraine War and Pandemic

WASHINGTON—U.S. Trade Representative Katherine Tai said Wednesday that the U.S. must shift the focus of its trade policy to rebuilding its domestic manufacturing industries, and lessening ties to unfriendly economies.

05.04 / 11:15

IPCC Putin ally Viktor Vekselberg has luxury yacht seized in Spain, say police

Billionaire Viktor Vekselberg, an oligarch with close ties to Vladimir Putin, has had his luxury yacht seized by authorities in Spain, say police.

04.04 / 22:47

business Blockchain Law businesses Support In the US, public-private state associations form networks of support for crypto businesses

When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into law on March 30. The new legislation creates a working group of seven state officials and eight trade association leaders to examine “various potential applications of and policies for blockchain technology” and report to the governor in December 2023.

31.03 / 21:01

Digital SEC Platform Bitcoin Class customers’ digital tokens as debt, SEC tells cryptocurrency exchanges

WASHINGTON — Publicly traded cryptocurrency exchanges would have to report their customers’ digital tokens as liabilities on their balance sheets under guidance released on 31 March by the Securities and Exchange Commission.

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