Treasury Proposes Including Cryptocurrency as Money

The U.S. Department of the Treasury and key federal agencies are set to redefine 'money' to align cryptocurrency regulations with traditional fiat currency, as outlined in their regulatory agenda released on August 16. This initiative aims to tighten reporting requirements for both domestic and cross-border cryptocurrency transactions, responding to concerns about money laundering and terrorism financing. Approximately 75% of Bitcoin supply has remained inactive for the last six months, highlighting a trend in the cryptocurrency market. Additionally, proposals are being discussed in Congress for a U.S. bitcoin reserve, although skepticism about their viability persists. The proposed regulatory changes reflect a broader effort to address the growing influence of cryptocurrencies in the financial system, with expected implementation in September 2025. These developments come amid ongoing challenges in U.S. cryptocurrency policy, which many view as fragmented and overly hostile.