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U.S. Treasury Secretary Scott Bessent issued a sharp rebuke to cryptocurrency industry participants blocking progress on regulatory legislation. Speaking before the Senate Banking Committee on Thursday, Bessent called industry opponents "nihilists" who prefer no regulation over compromise. Coinbase

New York’s top prosecutors are raising concerns about the crypto industry’s first major federal regulatory framework, arguing that the recently enacted GENIUS Act leaves victims of fraud without meaningful protection. New York Attorney General Letitia James and several district attorneys, including

The U.S. Treasury Department sanctioned two cryptocurrency exchanges for processing funds linked to Iran's Islamic Revolutionary Guard Corps. The action against UK-registered Zedcex Exchange and Zedxion Exchange represents OFAC's first designation of digital asset platforms for operating in Iran's f

For the first time in approximately three decades, central banks around the world now hold more gold in official reserves than U.S. Treasury securities, reflecting a notable shift in how monetary authorities allocate foreign-exchange reserves. This development comes amid sustained gold price gains

Economist Peter Schiff said a financial crisis more severe than the 2008 collapse is approaching this year, arguing that U.S. economic policy has fundamentally misread global capital dynamics and risks triggering a sharp break in confidence. What Happened In posts on X, Schiff said the coming downtu