The US Treasury Department revoked a license lifting oil sanctions on Iran after attacks on tankers in the Strait of Hormuz. The waiver, which allowed Iran to sell oil until August 21, was rescinded due to "wholly unacceptable" actions by Tehran.
The U.S. Treasury Department revoked a general license authorizing Iranian oil sales following reports of three tanker attacks near the Strait of Hormuz, raising concerns about diplomatic efforts.
President Trump launched "Trump Accounts," new tax-advantaged investment vehicles for U.S. children, by ringing the NYSE and Nasdaq opening bell from the White House. The program includes a $1,000 pilot contribution for babies born between 2025-2028.
The IRS and Treasury Department have issued guidance exempting contributions to Trump Accounts (530A accounts) from gift tax reporting, allowing up to $5,000/year in after-tax dollars without requiring a gift tax return, effective for 2026 with an annual exclusion of $19,000 per recipient.
The US Treasury Department is deepening banks' involvement in President Trump's immigration crackdown by issuing new guidance. This allows banks to share information about suspected customers more rapidly and flags signs of customers lacking legal immigration status, framed as a measure against fraud and crime.
The U.S. Treasury Department has published a list of medical devices requiring specific authorization for export to North Korea, tightening licensing requirements amid Pyongyang's nuclear and missile threats.
The US intensified pressure on Iran with new strikes and sanctions targeting entities supporting Tehran's weapons procurement, including those in China and Hong Kong. President Trump warned Iran against playing games, as CENTCOM confirmed strikes in response to 'unwarranted aggression.' Iran retaliated by threatening to target maritime traffic in the Strait of Hormuz.
The US intensified pressure on Iran with President Trump threatening further strikes and the Treasury Department imposing new sanctions on entities supporting Iran's weapons procurement, including some in China and Hong Kong.
US Treasury Secretary Scott Bessent announced the department is rapidly establishing a strategic Bitcoin reserve and digital asset stockpile, fulfilling a directive from President Trump. The US currently holds over 328,000 BTC, valued at $215 billion. Bessent also expressed support for the CLARITY Act, aiming for Senate passage this summer.
US Treasury Secretary Scott Bessent confirmed the department is actively working to establish a strategic Bitcoin reserve and digital asset stockpile, fulfilling a 2025 executive order from President Trump. The US currently holds over 328,000 BTC.
US authorities are closing investigations into Indian billionaire Gautam Adani and his firm. The Treasury Department settled a case for $275 million over Iran sanctions violations, while the DOJ will drop bribery and fraud charges.
US authorities are reportedly closing investigations into Indian billionaire Gautam Adani and his Adani Group. The Treasury Department settled a case for $275 million over Iran sanctions violations, while the DOJ is expected to drop bribery and fraud charges.
A federal judge dismissed Donald Trump's $10 billion lawsuit against the IRS over his tax return leak, following Trump's request. The DOJ announced an 'anti-weaponization fund' as part of a settlement.
President Trump is moving to dismiss his $10 billion lawsuit against the IRS concerning the leak of his tax returns. The move could lead to a settlement with the government he leads, despite ethics concerns and ongoing negotiations.
The Treasury Department wants US banks and other financial institutions to monitor for suspected Iranian money-laundering networks that use their funds to smuggle sanctioned oil through shell companies and cryptocurrency networks. The move, which effectively deputises the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the US and Iran reached another impasse over how to end their war while their ceasefire has grown increasingly shaky. US President Donald...
The Treasury Department wants US banks and other financial institutions to monitor for suspected Iranian money-laundering networks that use their funds to smuggle sanctioned oil through shell companies and cryptocurrency networks. The move, which effectively deputises the global financial system to help disrupt Iran’s sanctions-evasion infrastructure, comes as the US and Iran reached another impasse over how to end their war while their ceasefire has grown increasingly shaky. US President Donald...
The United States has sanctioned a total of nine mainland Chinese and Hong Kong companies and individuals accused of helping Iran’s military. The decision, which risks complicating Donald Trump’s visit to China next week, was announced on Friday by the Treasury and State departments. A Treasury Department press release said those targeted were “enabling efforts by Iran’s military to secure weapons” or securing “raw materials with applications in Iran’s Shahed‑series unmanned aerial vehicles and...
