Emerging Tech
Treasury’s Cryptocurrency Framework Emphasizes Consumer Protection, International Collaboration
The Treasury Department’s first digital asset guidance is the latest chapter in applying federal regulation to the digital asset market.
Policy
Treasury Defines Key Terms Under Executive Order on Cryptocurrencies
The department wants feedback for implementing the order to “ensure responsible development of digital assets.”
Cybersecurity
GAO: Potential Federal Cyber Insurance Program Should Avoid Moral Hazard
The government watchdog highlighted the need for specific security requirements in recommending other relevant agencies explore the possibility of providing federal assistance to private sector entities following a catastrophic event.
Cybersecurity
White House Official: Administration Urgently Researching Central Bank Digital Currency
As due dates near for agency deliverables under an executive order, the Atlantic Council has produced a report that could help officials inform the president of implications for cybersecurity.
Emerging Tech
ACLU Spearheads Letter to Fed Imploring Anonymity in Cryptocurrencies
A dozen civil rights groups penned a letter to the Federal Reserve underscoring the need to preserve human rights—like privacy—in researching a U.S. digital currency.
Cybersecurity
Federal Law Enforcement Warns Against Hackers Targeting Crypto Companies
Three agencies warned that North Korean-sponsored Lazarus Group and subsidiaries are targeting companies linked to blockchain technology and working with crypto and NFTs.
Digital Government
IRS Marks the Annual Tax Filing Deadline With a Plea for More Funding
Chronic underfunding has hurt the tax agency's ability to modernize, says a top official, who wrote that the U.S. tax system "is a tax system where ripped paper returns are literally pieced together with scotch tape."
Digital Government
IRS’ ‘Where’s My Return’ Tools Needs Updates Amid Lack Of Agency Plans, Watchdog Says
The Government Accountability Office regards modernizing taxpayer digital resources as a high priority item despite a reported lack of funding.
Policy
Treasury Sanctions Russian 'Hydra' Dark Net, Major Crypto Trading Platform
The U.S. imposed new sanctions on Hydra Market and Garantex as it continues cryptocurrency laundering crackdowns.
Cybersecurity
Treasury Wants to Know How the Government Might Grow Cyber Insurance Market
The department is in a bit of an awkward position, tasked with supporting the industry while cautioning against ransomware payouts.
Policy
U.S. to Target North Korea’s Technology Access In Response to Recent Missile Tests
A “range of further actions” are anticipated for the coming days, an official said.
Policy
Russian Aggression Hastens Lawmakers' Push to Enforce Sanctions in Crypto Industry
The Justice Department also launched a ‘KleptoCapture’ task force to target the use of cryptocurrencies for sanctions evasion.
Cybersecurity
Treasury Considering State and Local Grants to Implement Digital ID Systems
The effort to stimulate widespread use of digital identification is aligned with a White House order on cybersecurity and could help defend against ransomware attacks, officials said.
Policy
Women Report from the Frontlines of Federal Cryptocurrency Governance
Over the course of 2021, Congress and the administration have recognized significant benefits from diving into the technology, a trend that looks poised to continue.
Cybersecurity
Senators Ready to Write Clarifying Legislation to Maintain U.S. Leadership in Crypto
Stakeholders fear an overly broad application of the tax provisions beyond virtual currency exchanges.
Cybersecurity
Government Watchdog Welcomes Treasury’s Data Collection on Cyber Insurance Claims
A Government Accountability Office report on the Treasury Department’s role in shaping the market for cybersecurity insurance is expected next spring.
Cybersecurity
U.S. Government Acts Against Alleged REvil Hackers
The Justice Department announced two indictments while the State Department offered $10 million for information on other conspirators.
Cybersecurity
Treasury Analysis Identifies Cryptocurrency Exchanges Associated With Ransomware
The department is tracking a huge increase in ransomware disclosures but data suggests the events are still grossly underreported.
Emerging Tech
Senate Bill Would Direct Treasury to Assess Crypto Mining Rates and Uses Over Time
The bipartisan legislation would require a Congressional report that dives deep into virtual currency use.
Cybersecurity
Treasury Sanctions First Cryptocurrency Exchange to Combat Ransomware
The department also emphasized guidance for victim organizations who risk running afoul of enforcers by paying attackers and failing to report incidents.
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