Senators Maggie Hassan, D-N.H. and Joni Ernst, R-Iowa, introduced bipartisan legislation that would mandate the Department of Treasury and other Federal entities to review the use and mining of cryptocurrencies globally, and submit a detailed report on the issue to multiple congressional committees. […]
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Deputy Attorney General Lisa Monaco said today the Department of Justice (DoJ) is launching two new initiatives to combat cyber threats, including the creation of a National Cryptocurrency Enforcement Team, and a civil cyber fraud initiative that will fine Federal contractors who don’t follow required cybersecurity standards. […]
The U.S. Postal Service (USPS) Inspector General (IG) reported that the Postal Inspection Service sufficiently manages seized cryptocurrency. However, opportunities exist to improve its management of cryptocurrency used for investigative purposes. […]
The continued flurry of high-profile ransomware attacks on critical infrastructure targets in the United States is climbing the ladder of presidential priorities – with President Biden saying it’s on the agenda for his summit with Russian President Vladimir Putin later this month, and White House officials confirming that cryptocurrency will be part of a new examination of global corruption. […]
With more and more people putting their trust in cryptocurrencies, the Internal Revenue Service (IRS) is beginning to research how to crack and decrypt crypto wallets that have been subject to seizure and forfeiture, according to a May 20 request for information (RFI) posted to SAM.gov. […]
The Treasury Department is seeking a tool to help trace cryptocurrency that may be linked to parties placed on the Specially Designated Nationals (SDN) list. […]
The Cybersecurity and Infrastructure Security Agency (CISA), FBI, and the Treasury Department have issued a joint cybersecurity advisory about North Korean malicious activity known as “AppleJeus.” […]
The Office of Financial Research (OFR), which is an independent bureau within the Department of the Treasury, said in its 2018 Annual Report to Congress on Thursday that cybersecurity “a key risk” to U.S. financial stability. […]
Blockchain technology, along with cryptocurrencies based on that technology, received decidedly mixed views at a Senate Banking, Housing, and Urban Affairs Committee Thursday where witnesses debated the usefulness of blockchain to institutions like banks and government agencies, and shared divergent views on whether the technology has promising potential use cases. […]