Odaily Planet Daily News: The U.S. Department of the Treasury (DOT) released a semi-annual regulatory agenda on August 16, revealing that the federal government is about to create a fair regulatory environment for cryptocurrencies and traditional fiat currencies. The Federal Reserve Board (FRS) and the Financial Crimes Enforcement Network (FinCEN) plan to modify the meaning of "currency" used in the Bank Secrecy Act (BSA) to strengthen financial institutions' reporting requirements for domestic and cross-border cryptocurrency transactions. According to the agenda: "These agencies (FRS and FinCEN) hope that the revised proposal will ensure that the rules apply to domestic and cross-border transactions involving convertible virtual currencies that have a value equivalent to currency or can replace currency, but lack legal tender status." However, the proposal also extends reporting requirements to digital assets with legal tender status, including central bank digital currencies (CBDCs). The final notice of proposed rulemaking is currently scheduled for September 2025 and is subject to approval. (Cointelegraph)