...And the good news keeps on coming...

[Starka]

US Treasury is starting to admit that it’s been hacked by foreign entities.  This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

That just gives you that warm, fuzzy feeling all over, doesn’t it!

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[jackg]

Anything connected to the Internet can be hacked.

Dunno what information has been breached from what you've seen but correct storage of information (eg not putting pii online) is something governments should really be following.

[Starka]

From what I’ve read, PII is precisely what they’ve gotten in to, and Treasury really doesn’t want to admit it.  As far as their involvement with crypto exchanges, the whole thing has the aroma of IRS about it.  Call me jaded, but every time government wants oversight of something involving money, my ears go up like a jackrabbit.

[jackg]

From what I’ve read, PII is precisely what they’ve gotten in to, and Treasury really doesn’t want to admit it.  As far as their involvement with crypto exchanges, the whole thing has the aroma of IRS about it.  Call me jaded, but every time government wants oversight of something involving money, my ears go up like a jackrabbit.

Well if they're putting pii online then they probably don't have knowledge to bring prosecutions if/when they do get more information from exchanges and other places.

Not to mention that leaked information is less prosecutible against for additional reasons.

[bearexin]

And what’s the good news about the US Treasury getting hacked, does it mean that they are not longer going to push the idea of crypto regulation? Please they will continue what they are trying to do, this still doesn’t change anything. This is the government, and they want to be in control and not let any slip through their watch.

Although I do know that there are reasons why they are trying to regulate the crypto, they have said a lot o like money laundering, and to avoid the money being used in funding terrorist activities. I do know that some of us prefer privacy, but what are we going to do? We still going to give it up because of some money launderers.

[AniviaBtc]

Anything connected to the Internet can be hacked.

No matter how secured your platform is, if the hacker is really skilled and experienced then you can be still vulnerable to them.

Imagine US Authority can be still hacked by those criminals who are anonymous, it is really hard to deal with them.

For those who are just a normal person who are surfing in the internet, always be careful and don't put any important information in a platform that is suspicious.

[Peanutswar]

It's just a reflection they still have a weak security well some of them become too much confident even they have a chief information security officer but still at the end of the day some geeks would like to test their skills and potential to hack those known high-end security establishment. This kind of attack just telling us there are no safe security establishments if you are all connected through the internet and networks there is nothing impossible.

[Fesatmas]

US Treasury is starting to admit that it’s been hacked by foreign entities.  This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

Not only has the US Treasury been hacked, but recently a classmate of Microsoft has been hacked by some authorities whose cases were brought to the FBI still having suspicions about Russia. but here Russia completely rejects the US accusation.
The US is having a series of attacks from everywhere. of course after the presidential election ended. here Biden tested his leadership.

[Dragonfund]

US Treasury is starting to admit that it’s been hacked by foreign entities.  This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

That just gives you that warm, fuzzy feeling all over, doesn’t it!

Nothing is fully secured over the internet, anything can happen any time which can lead to security breach.
I don't see anything fun with this, they are regulating cryptocurrency not because they want to stop you from investing in them, they actually want to separate the shaft from the good once that's why they were doing anything to protect the interests of you and other investors.
The good news keeps coming, what happen when the market cycle changes? 

[The Sceptical Chymist]

And what’s the good news about the US Treasury getting hacked, does it mean that they are not longer going to push the idea of crypto regulation?

Not likely, but is it even the Treasury department that's in charge of those kinds of regulations?  My knowledge of the US government is abysmal, I'll admit, but I would figure on Congress, the Senate, or even the IRS getting worked up enough about crypto to pass laws to regulate it.

OP, I'm the kind of person who doesn't read the news and it'd be nice if you'd provide a link when you start threads like this, because I honestly have no idea what you're talking about.  I'm trying to glean that information by reading everyone's replies, and that's a pain in the ass.

Now, the government getting hacked and having money stolen (if that's what happened; if not, it certainly could) makes me think that going completely digital as far as a monetary system is a bad idea.  I don't think physical cash should ever be done away with completely.  That isn't the topic of this thread, but it's what immediately came to mind here. 

[tabas]

That's not a good news for me. A hack is a hack and it does harm to any organization that has been affected by it. A government organization or agency or a crypto exchange.
Whether they're likely to put exchanges into regulations, I don't see the hacking to be a good news though. It's like being happy in the misfortune of others. But before anything else, there's no valid link and source for this news.

[LogitechMouse]

US Treasury is starting to admit that it’s been hacked by foreign entities.  This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

That just gives you that warm, fuzzy feeling all over, doesn’t it!

I'm just curious why the US Treasury being hacked can be a good news??

You don't like cryptocurrency to be regulated aren't you? Anything on the internet can be hacked and this just shows that the security of the US Treasury is weak that hackers can get access into it. More of this will happen in the future as the technology is starting to evolve so their security must upgrade too. Anyway, this isn't a good news for the US Treasury and for us crypto users.

[manfredmann]

There are many possible reason why they wanted to regulate cryptocurrency. In my opinion, it could be that they are looking for the possible responsible individuals that has been hacking financial institution and converted it to cryptocurrency. That if we will going to have a shallow analization but more possible reason is that those hack financial institution are just loses from inside job and they wanted to divert the blame to the hackers for the loses and not to them.

[Mauser]

There are many possible reason why they wanted to regulate cryptocurrency. In my opinion, it could be that they are looking for the possible responsible individuals that has been hacking financial institution and converted it to cryptocurrency. That if we will going to have a shallow analization but more possible reason is that those hack financial institution are just loses from inside job and they wanted to divert the blame to the hackers for the loses and not to them.

In the end they will just make up some weak excuses why cryptocurrencies are bad and why they need to regulate them more. This should be a wake up call for all of us. The security of FiAT currencies are diminishing more and more. We should store any large amounts of money in the big fiat currencies. The recent rally in bitcoins showed us that it is best if we just switch into cytpos.

[wxxyrqa]

There are many possible reason why they wanted to regulate cryptocurrency. In my opinion, it could be that they are looking for the possible responsible individuals that has been hacking financial institution and converted it to cryptocurrency. That if we will going to have a shallow analization but more possible reason is that those hack financial institution are just loses from inside job and they wanted to divert the blame to the hackers for the loses and not to them.

In the end they will just make up some weak excuses why cryptocurrencies are bad and why they need to regulate them more. This should be a wake up call for all of us. The security of FiAT currencies are diminishing more and more. We should store any large amounts of money in the big fiat currencies. The recent rally in bitcoins showed us that it is best if we just switch into cytpos.

At least for today, the government already has concrete answers, Why did they need control and regulation of the cryptocurrency market and all users of the cryptocurrency. And the main reason we are talking about is the cryptocurrencies used for criminal activity. Of course they are not going to prohibit cryptocurrency, and that's good. but for them the main thing is not struggle, but control. Even a ban is not beneficial for the government.

[jostorres]

Well, it was combination of many things but it shows that centralization of power is very dangerous. First of all it was always said that Trump works with Russians, as it turns out the only thing Trump could "save" himself turned out ot be "everyone I have ever worked with or partnered with or hired to be my worker has worked and colluded with Russia but I didn't" and trump fans thinks that clears him, it is obvious that he just let Russians work for him and helped him get elected while specifically not having direct contact because he is smart enough to know better. And he also cut the cyber security budget down a ton this year for "covid" reasons as well, which meant weaker cyber defense, and well don't you look at it Russia hacked into the systems.

These are all proof that centralization of power is a dangerous thing and should not ever happen.

[Starka]

And what’s the good news about the US Treasury getting hacked, does it mean that they are not longer going to push the idea of crypto regulation? Please they will continue what they are trying to do, this still doesn’t change anything. This is the government, and they want to be in control and not let any slip through their watch.

It’s generally known as sarcasm.

[Silberman]

US Treasury is starting to admit that it’s been hacked by foreign entities.  This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.

That just gives you that warm, fuzzy feeling all over, doesn’t it!

Nothing is fully secured over the internet, anything can happen any time which can lead to security breach.
I don't see anything fun with this, they are regulating cryptocurrency not because they want to stop you from investing in them, they actually want to separate the shaft from the good once that's why they were doing anything to protect the interests of you and other investors.
The good news keeps coming, what happen when the market cycle changes? 

Don't believe their lies, it's obvious that they are going to claim that they are doing this in order to separate legitimate users of cryptocurrencies from criminals, that is the excuse that they always use, that is why they want to limit cash, that is why they want to know everything that you do online, we could keep going but you know what I mean, we cannot keep sacrificing our freedoms in order to get an elusive sense of security, at some point risks need to be accepted and as such I do not want the government to regulate this market as heavily as they want.

[jjigoku]

US Treasury is starting to admit that it’s been hacked by foreign entities.  This is the same organization who’s pushing to establish oversight and regulation of cryptocurrency exchanges, identifying buyers and sellers.
That just gives you that warm, fuzzy feeling all over, doesn’t it!

We may witness some major changes in our economy's structure in next couple years. That'd be absolutely great

[darewaller]

Fiat world is always in danger of getting disturbed, hopefully one day people would realize that they are hackers and they could hack into anything, if you can hack into us treasury or you can hack into government places, or nasa, or fbi because of all those were hacked back in the day.

I am sure these hackers could also hack into banks, I know that most banks have a billion back-ups so it would be very hard to do this but I think you could hack into banks and delete everyone's debt, sure there could be backups but that doesn't change the fact that you could also destroy the backups if you can, and any offline one that you can't reach would destroy the bank long enough that it would be very hard to make a comeback from that. Hopefully instead of attacking people and their money, hackers would realize they could attack the real bad guys instead and do something good for once.