In a report to the White House Competition Council, Treasury found that nonbank and large technology firms may increase competition in consumer finance markets, but, without proper regulation, may do more harm than good.

Treasury Secretary Janet L. Yellen urged regulators to provide more effective oversight over cryptocurrency markets given the recent market moving events in the digital asset space.

OFAC redesignated a privacy-enhancing virtual currency mixing service that utilizes smart contracts "for its role in enabling malicious cyber activities, which ultimately support the Democratic People’s Republic of Korea's WMD program."

President Joseph R. Biden signed an Executive Order to target Nicaragua's gold sector and enhance Treasury and OFAC's ability to hold the government of Nicaragua accountable for its "continued attacks on Nicaraguans' freedom of expression and assembly."

A virtual currency exchange settled simultaneous OFAC and FinCEN charges for violating multiple sanctions regulations and failing to implement a sufficient AML program.