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U.S. Department of the Treasury

U.S. federal executive department that manages government finances, enforces sanctions, and oversees policy on currency, debt, and financial regulation.

Current stories

security4 publishers

South Africa extradites five alleged Black Axe leaders to face wire fraud counts in New Jersey

The Cape Town Zone of Black Axe ran romance and advance fee scams from 2011 until South African police made arrests in 2021, and the accounts prosecutors traced also carried business email compromise proceeds.

Perspective Coverage

4 publishers
Builder
Builder 10%
Operator
Operator 76%
Investor
Investor 14%

Reality

Evidence72
Adoption
Insufficient
Hype gap+20
Incentives40
Confidence68
invest2 publishers

Bessent tells AI developers to carry their own legal risk

Scott Bessent told CNBC on Monday that humans, not the AI, are responsible, and that developers should not expect federal protection from liability. The industry's demand for a shield now has a public no from Treasury.

Perspective Coverage

3 publishers
Builder
Builder 28%
Operator
Operator 25%
Investor
Investor 47%

Reality

Evidence72
Adoption
Insufficient
Hype gap+30
Incentives
Insufficient
Confidence65
invest1 publisher

Twenty-six attorneys general ask Congress to spare state AI laws like Colorado's lending rule

Twenty-six attorneys general urged Congress to spare state AI laws, including Colorado's 30-day rule for explaining AI's role in adverse loan decisions. The letter asks nothing specific of banks, so the obligation lenders have to plan for starts in Colorado on Jan. 1 unless the Justice Department blocks it first.

Reality

Evidence55
Adoption20
Hype gap+30
Incentives60
Confidence50