The Depository Trust and Clearing Corporation said it is set to bring tokenized US Treasurys onchain, and plans to expand to a "broad spectrum" of assets in the future.
Bridgewater Associates founder Ray Dalio stated on Friday that gold has started replacing some U.S. Treasury holdings as the riskless asset for investors, amid a continued surge in the yellow metal's prices.
The U.S. Treasury Department and IRS on Sept. 19 released details about a provision backed by the Trump administration and Republicans, passed by Congress earlier this year, that would provide a tax break for many employees who receive cash tips.
Foreign holdings of U.S. Treasuries rose to record levels in June, topping $9 trillion for a fourth straight month, data from the Treasury Department showed on Friday.
• https://www.thegatewaypundit.com, by Paul Serran
While Scott Bessent started out as a relatively lesser-known economic advisor, 200 days in he has become a pivotal figure as the U.S. Treasury Secretary.
Treasury Secretary Scott Bessent on Monday called for a "fundamental reset" of financial regulations to ensure they are aligned with the nation's domestic and international priorities.