ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that the demand for digital assets will reach up to $2 trillion for U.S. Treasury bonds.

ChainCatcher news, according to a report by the Financial Times cited by Jinshi, former U.S. Treasury Secretary Yellen warned that Trump's tariffs would have a "huge adverse" impact on the U.S. economy, as they "hinder" companies that rely on critical mineral supplies from China. Trump's broad tariffs on trade partners could push the U.S. into recession. "(The tariff strategy) will have extremely adverse effects on the U.S., on consumers, and on the competitiveness of businesses that rely on imported raw materials. About 40% of the goods imported into the U.S. are raw materials used for domestic production. I am not ready to say that I predict a recession, but it is certain that the possibility has increased significantly."

ChainCatcher News, Japanese Finance Minister Kato Katsunobu: We have reached an agreement with U.S. Treasury Secretary Yellen that exchange rates should be determined by the market, and excessive fluctuations can have adverse effects on the economy. U.S. Treasury Secretary Yellen and Japan have agreed to closely communicate on foreign exchange matters. Japan expresses great regret in informing U.S. Treasury Secretary Yellen about the imposition of additional tariffs.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Besant reiterated that the United States still adheres to a strong dollar policy.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Mnuchin stated that "America First" does not mean America is "alone." As long as the International Monetary Fund and the World Bank adhere to their missions, the Trump administration is "eager" to cooperate with them. Economic stability and growth should be the hallmark of the IMF's success, rather than the size of debt quotas.

ChainCatcher news, Musk unfollowed U.S. Treasury Secretary Scott Bessent on X earlier today.It is reported that Musk had previously publicly criticized White House trade advisor Peter Navarro on X and directly called on Trump to rescind the new tariffs, but to no avail. According to POLITICO, Trump had revealed to his inner circle that Musk would soon leave the Department of Government Efficiency (D.O.G.E.). Although this news has been denied by Musk, his wealth has decreased by $134.7 billion so far this year.

ChainCatcher News, U.S. Treasury Secretary Basant stated in an exclusive interview with Bloomberg that the current tariff levels on China are unsustainable and that a "significant agreement" will be reached in the future. He also mentioned that negotiations with some allied countries regarding U.S. reciprocal tariffs are progressing rapidly and hinted that other countries should engage in trade negotiations with the U.S. as soon as possible.In the interview, Basant responded to the current U.S. tariffs on China by stating that the current tariff figures are very high and cannot be dismissed lightly, "I think no one believes they are sustainable, and no one wants them to remain in place indefinitely." He stated, "There's a big deal to be done at some point."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated: "Although there is some uncertainty, businesses tell me that the economy is very solid. If other countries do not take retaliatory measures, the tariff level will be the ceiling. Many countries want to come to Washington for negotiations, and there are currently 70 negotiation arrangements in the pipeline. Ultimately, we may reach an agreement with our allies."

ChainCatcher news, according to CoinDesk, U.S. Treasury Secretary Howard Lutnick recently dismissed the possibility of an economic recession, stating that Trump's tariff policy will drive $1.3 trillion in new investments, unleashing America's growth potential.However, despite Lutnick's optimistic outlook, cryptocurrency traders lack confidence in the market, with Bitcoin and other cryptocurrencies experiencing declines. Although the resilience of the labor market has temporarily curbed expectations of a recession, the Atlanta Fed's GDPNow model predicts a -2.8% GDP growth rate for the first quarter, indicating signs of a slowdown.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated: "We strongly support our leadership in the development of cryptocurrency globally. We need to bring Bitcoin to the domestic market. We will monitor the progress of any future Bitcoin acquisitions. The first thing to do is to prevent the government from selling Bitcoin."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Becerra stated that we are determined to lower interest rates.

ChainCatcher news, according to CoinDesk, U.S. Treasury Secretary Scott Bessent has appointed Tyler Williams, regulatory legal advisor at Galaxy Digital, as the digital asset and blockchain policy advisor. Williams currently serves as the head of regulatory and legislative affairs and regulatory legal advisor at Galaxy Digital, while also being a part-time lecturer at George Washington University Law School.Williams has extensive government experience, having served as Deputy Assistant Secretary for digital asset-related matters at the Treasury Department under Mnuchin from 2018 to 2020. He has also worked for Senator Thom Tillis in the Senate and served Representatives Robert Hurt and John Boehner in the House.

ChainCatcher message, Musk tweeted: "Maybe she clicked on that 'give me 1 Bitcoin, I'll return you 2 Bitcoins' email," mocking Bloomberg's report about Chinese hackers breaching the U.S. Treasury and accessing Secretary of the Treasury Yellen's computer.

ChainCatcher news, according to Caixin, U.S. Treasury Secretary Yellen sent a letter to the U.S. Congressional leadership regarding the debt ceiling issue, urging Congress to take action to protect the credibility of the U.S. government. Yellen is expected to initiate extraordinary measures between January 14 and 23, and stated that the Treasury may reach a new debt ceiling during January 14-23.

ChainCatcher news, according to The Washington Post, in the early hours of Tuesday local time, U.S. Secret Service agents fired a shot at a carjacker attempting to break into the vicinity of Treasury Secretary Yellen's home. No one was hit, and the suspect has not been arrested yet. (Jin Ten)

ChainCatcher News, U.S. Treasury Secretary Yellen stated that the dollar is and will continue to be crucial for the United States as the world's primary reserve currency. The dollar's status is indeed based on our strong macroeconomic performance, low inflation, robust institutions, strong capital markets, the rule of law, and very deep and liquid capital markets. No other currency can truly compare to the dollar. Confidence in the dollar's status will ensure that we continue on a sound fiscal path, which indeed requires reducing the deficit in the coming years and maintaining the real net interest cost of debt close to historical levels and below 2%, which is very important.

ChainCatcher News: U.S. Treasury Secretary Yellen stated that in extreme circumstances, it is conceivable to conduct dollar interventions. (Jin Ten)

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Yellen stated that the Federal Reserve seems to expect interest rates to decline further. If we continue down this path, interest rates will eventually fall to neutral levels, hoping that the labor market can remain stable in the event of Federal Reserve action. The labor market and inflation indicate that we are on the path to a soft landing, and we are deeply considering how to enhance liquidity and access the Federal Reserve's discount window.

ChainCatcher News: U.S. Treasury Secretary Yellen stated that the U.S. economy is in good shape, and the cooler employment data in recent months indicates that the economy is undergoing a soft landing rather than a recession. Yellen mentioned that there have been no significant layoffs in the U.S., and the economy is experiencing a "deep recovery."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Yellen declined to comment on when U.S. interest rates might be lowered, only stating that all signs indicate robust consumer and investment spending, and that the U.S. has a good, healthy job market. U.S. mortgage rates have decreased, and there may be further room for reduction.