According to PANews, the U.S. Treasury Department released its semi-annual regulatory agenda on August 16, revealing that the federal government will create a fair regulatory environment for cryptocurrencies and traditional fiat currencies.
The Federal Reserve Board and the Financial Crimes Enforcement Network plan to amend the meaning of âcurrencyâ in the Bank Secrecy Act to strengthen reporting requirements for financial institutions on domestic and cross-border cryptocurrency transactions.
The agenda states that the revised proposal would ensure that the rules apply to transactions involving convertible virtual currencies and extend to digital assets with legal tender status, including central bank digital currencies. The final notice of the proposed rules is scheduled to be published in September 2025.
