The economic pressure on Iran contributed to the reopening of the Hormuz Strait. Treasury Secretary Scott Bessent discussed the “secondary sanctions“ the United States has threatened to impose…
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Treasury and IRS Outline Next Phase of Opportunity Zone Designations
New guidance sets timeline and criteria for states to nominate investment areas beginning in 2026. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released…
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Treasury Proposes Rules for Stablecoin Oversight Under New Federal Law
The draft regulation outlines anti-money laundering and sanctions requirements for digital payment issuers. The Financial Crimes Enforcement Network (FinCEN)and the Office of Foreign Assets Control (OFAC) recently introduced…
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Treasury Secretary Urges Senate to Take Up Cryptocurrency Legislation
The bill was passed by the House in the summer of 2025. Treasury Secretary Scott Bessent is encouraging the U.S. Senate to pass the CLARITY Act. The legislation,…
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Paul Hollis, Director of the U.S. Mint
Paul Hollis, Director of the U.S. Mint
Read MoreTreasury and IRS Announce Tax Filing Relief for DHS Personnel
The federal agencies seek to support “DHS employees and their families unfairly impacted by ongoing shutdown.“ The Department of the Treasury and the Internal Revenue Service (IRS) have…
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Treasury Launches AI Innovation Series for Financial System Oversight
The initiative brings regulators and industry together to examine artificial intelligence in financial services. The Financial Stability Oversight Council (FSOC) and the Treasury Department’s Artificial Intelligence Transformation Office…
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Treasury Secretary Takes More Steps to Address Fraud Against Federal Healthcare Programs
FinCEN also issued an advisory for financial institutions after launching a whistleblower website. Treasury Secretary Scott Bessent announced that financial institutions are being encouraged to alert Financial Crimes…
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Treasury Secretary Meets with China’s Vice Premier in France
Secretary Bessent and U.S. Trade Representative Greer are holding economic discussions ahead of President Trump’s visit to China. U.S. Treasury Secretary Scott Bessent is meeting with Vice Premier He…
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U.S. Imposes Visa Restrictions and Sanctions for Rwandan Violations of Peace Accords
Measures target Rwandan military officials and entities accused of supporting the armed group M23. The U.S. Department of State announced visa restrictions on several senior Rwandan officials in…
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