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Treasury's just-released Climate Action Plan establishes five priority actions to strengthen and build upon Treasury's climate resilience and adaptive capabilities: (1) rebuilding programs and capabilities that may have atrophied or stagnated in recent years; (2) addressing climate change impacts and vulnerabilities across the range of Departmental operations, including administrative, manufacturing, and law enforcement activities; (3) ensuring a climate-focused approach to managing Treasury's real property portfolio footprint; (4) enabling procurement management to fully consider climate change realities; and (5) providing, measuring, and accounting for a financial investment approach appropriate to the Department's climate objectives.

The Treasury Department is moving to rein in a new class of cryptocurrencies whose popularity as a payment method is skyrocketing, citing a need to head off potential risks to consumers and to the financial system. So-called stablecoins - payment tokens that differ from other cryptocurrencies because their value is often pegged to the U.S. dollar - are drawing scrutiny because they have already been used in trillions of dollars' worth of lightning-fast transactions and could transform the way Americans pay for things. Treasury and other regulators want to ensure that they're reliable, even during financial panics.

Federal Bank regulators are struggling to figure out how to handle electronic assets in order to maintain the stability and security of the financial system while also allowing innovation and progress.

President Biden "says his administration is focused on policing cryptocurrency crimes to combat corruption globally and is taking advantage of a newly formed Department of Justice task force, according to an anti-graft report released Monday." The White House is "particularly focused on crimes committed by virtual currency exchanges, mixing and tumbling services - platforms that obscure owners and recipients in Bitcoin transactions - and bad actors who facilitate money laundering, according to the report from U.S. Strategy on Countering Corruption, which includes the State Department, Treasury and Justice Department."

Just when you thought QE (qualitative easing) was getting out of hand, the Federal Reserve is now looking to create a digital Federal Reserve Note. The language of the proposed bill is monumental. > "The bill is called the "Digital Asset Market Structure and Investor Protection Act" ("Digital Asset Bill"). And for the majority, it sets out future rules for crypto. However, hidden in this bill, changes to the foundation of the Dollar are proposed." > "...the Federal Reserve System is authorized to issue digital versions of Federal reserve notes in addition to current physical Federal reserve notes. Further, the Board of Governors of the Federal Reserve System, after consultation with the Secretary of the Treasury, is authorized to use distributed ledger technology for the creation, distribution and recordation of all transactions involving digital Federal reserve notes." > BitDollars??