The Latest Breaking News from Treasury Department

States often first in crypto enforcement, leaving feds to follow

WASHINGTON — State regulators are taking the lead on cryptocurrency enforcement in the absence of a national approach to regulation, in some cases acting years before companies faced federal charges.

Tribune News Service · Mar 22, 2022

What are sanctions and how are they enforced?

An alternative to military action, sanctions are economic foreign policy tools.

USAFacts · Mar 22, 2022

States often first in crypto enforcement, leaving feds to follow - Roll Call

State regulators are often faster than federal agencies in bringing charges against cryptocurrency companies for market misbehavior.

Roll Call · Mar 22, 2022

U.S. lawmakers push Treasury to ensure Russia cannot use cryptocurrency to avoid sanctions

Senator Elizabeth Warren and three other Democratic lawmakers on Wednesday urged the Treasury Department to ensure the cryptocurrency industry is complying with sanctions imposed on Russia, expressing concern that digital assets could be used to undermine U.S. foreign policy goals.

Reuters · Mar 2, 2022

Despite ban, US cruise lines hired Cuban agencies to provide ‘tourism services’ to passengers

At the height of the enthusiasm sparked by President Barack Obama’s historic restoration of relations with Cuba, several cruise lines rushed to secure a piece of the island’s untapped market under newly eased regulations promoting “people-to-people” engagement.

Miami Herald · Feb 15, 2022

After huge pandemic losses, governments see rapid rebound

State and local governments reported more than $117 billion of revenue losses in the first year of the coronavirus pandemic

The Independent UK · Jan 28, 2022

Arizona sues Biden to keep school anti-mask rules

Arizona Gov. Doug Ducey is suing the Biden administration over its demand that the state stop sending millions in federal COVID-19 relief money to schools if they don’t have mask requirements or close due to COVID-19 outbreaks

The Independent UK · Jan 21, 2022

Arizona governor sues Biden administration over COVID funds tied to mandates

The Treasury Department has ordered Ducey to stop allocating federal relief funds to schools that don't follow public health recommendations.

Axios · Jan 21, 2022

US Imposes Sanctions on Hezbollah-Linked Businessmen in Lebanon

The United States on Tuesday imposed sanctions on three businessmen with ties to Hezbollah, saying their activity as financial facilitators for the Iran-backed group was exploiting Lebanon's economic resources at a time of crisis for that country. The Treasury Department has added Adel Diab, Ali Mohamad Daoun, Jihad Salem Alame,…

Asharq Al-Awsat · Jan 18, 2022

What is the debt ceiling and why does it matter?

The United States debt ceiling has existed in various forms for more than 100 years and limits the amount of money the US government can borrow. Learn more about the US debt ceiling.

USAFacts · Oct 1, 2021