U.S. Treasury regulator
Overview
The U.S. Department of the Treasury is a cabinet-level agency responsible for managing federal finances, including tax collection (IRS), public debt issuance, and economic policy. It also houses financial intelligence units (FinCEN) and the Office of Foreign Assets Control (OFAC) that enforce anti-money laundering and sanctions regulations, which apply to cryptocurrency activities.
Within the DeFi Intel graph, the U.S. Treasury is linked to its sanctions and financial-intelligence bureaus, OFAC and FinCEN.
Relations
The U.S. Treasury acts through its bureaus — most relevantly the Office of Foreign Assets Control (OFAC) for sanctions and FinCEN for anti-money-laundering enforcement. Previously listed rows were news mentions and have been removed.
Frequently asked questions
What is the U.S. Treasury?
The U.S. Department of the Treasury is a cabinet-level agency responsible for managing federal finances, including tax collection (IRS), public debt issuance, and economic policy.
Which U.S. Treasury units enforce cryptocurrency regulations?
The Treasury houses financial intelligence units (FinCEN) and the Office of Foreign Assets Control (OFAC) that enforce anti-money laundering and sanctions regulations, which apply to cryptocurrency activities.
What recent actions has the U.S. Treasury taken related to crypto?
The U.S. Treasury and FinCEN published AML, BSA rule proposals for GENIUS Act stablecoins, and the Treasury proposed rules for state stablecoin regulation under the GENIUS Act.