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The Latest Breaking News from The US Treasury Department

Why the world is turning away from the US dollar

The invasion of Ukraine in February 2022 prompted the US Treasury Department to impose unprecedented sanctions on Russia, to hold it “accountable for its premeditated and unprovoked invasion”.

The Conversation

Lazarus Hacking Group Moves Over $1M In BTC From Crypto Mixer Amid Spot Bitcoin ETF Buzz

The Lazarus Group was involved in a third of all crypto exploits and thefts, siphoning off around $600 million in funds in 2023 alone.

International Business Times

US Sanctions Belarus Red Cross Chief Over Ukraine Child Deportations

The U.S. unveiled sanctions Tuesday against the head of the Belarus Red Cross, accusing him of being complicit in the deportation of Ukrainian children to Russia.

International Business Times

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A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now

Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine

The Independent UK

U.S. Revamps EV Tax Credit System, Making Savings Immediate

Consumers can now enjoy immediate $7,500 savings on electric vehicles, boosting accessibility and promoting cleaner transportation

Zenger

Bitcoin Miners Celebrate US Treasury’s New Tax Clarity

U.S. Treasury Department gave clarity to Bitcoin miners with a 300-page proposal under 2021 Infrastructure Investment and Jobs Act

Zenger

Yellen visits Vietnam to build US ties and push supply chain diversity to offset tensions with China

U.S. Treasury Secretary Janet Yellen has told top Vietnamese officials that Washington considers building strong economic and security ties with Vietnam a priority

The Independent UK

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Regulatory headwinds force Sam Altman–backed stablecoin Reserve to halt key services in Venezuela and five other countries

The U.S. firm has been a bright spot for crypto adoption in inflation-ravaged Venezuela, although it is facing operating challenges.

Fortune

Markets Today: Stocks Slightly Higher on Strength in Tesla and Netflix

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.09%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.11%. U.S. stock index futures this morning are slightly higher. Tesla and Netflix are up more than +3% in pre-market trading to lift the overall market....

Barchart

Daniel Kinahan set for big money blow in US court case

Top lawyer Eric Montalvo is suing former boxing firm MTK Global and Kinahan on behalf of promoter Moses Heredia, who is seeking damages of up to $20 million for the alleged poaching of boxer JoJo Diaz

Dublin Live

Daniel Kinahan set for big money blow as US court rules civil case against him can go ahead without a defence

Irish Mirror

The West's uphill battle to sanction Russian diamonds

Russia counts diamonds as one of its top 10 non-energy exports by value.

Axios

US Targets Iranian Officials for Rights Violations, Censorship

The US Treasury Department on Monday imposed sanctions on four senior Iranian law enforcement and military officials involved in crushing protests that erupted last year after an Iranian woman died in the custody of the morality police who enforce strict dress codes. The department said in a statement it was…

Asharq Al-Awsat

US Imposes Sanctions on Network Supporting Iran’s Drone, Military Programs

The United States on Wednesday imposed sanctions on a procurement network it accused of supporting Iran's drone and military programs, targeting companies and suppliers in China, Iran and elsewhere in the fresh action aimed at increasing pressure on Tehran. The US Treasury Department in a statement said it imposed sanctions…

Asharq Al-Awsat

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Daily Mirror

Fears one of world's richest people secretly died as $7billion tax deposited in one day

The US Treasury Department said the tax payer would be in the top 100 of the world’s wealthiest people, above the likes of British billionaire James Ratcliffe, who is attempting to buy Manchester United

Asharq Al-Awsat

US Targets Network Supporting Iran’s Drone, Weapons Programs

The United States on Tuesday imposed sanctions on four entities and three people in Iran and Türkiye, accusing them of involvement in the procurement of equipment, including European-origin engines of drones, in support of Iran's drone and weapons programs. The US Treasury Department said in a statement the procurement network…

Asharq Al-Awsat

US Targets ‘Shadow Banking’ Network Helping Iran Evade Sanctions

The United States on Thursday imposed sanctions on 39 entities, including many based in Hong Kong, that Washington said facilitate Iran's access to the global financial system, describing them as a "shadow banking" network that moves billions of dollars. The US Treasury Department in a statement said those targeted had…

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