Treasury Secretary Scott Bessent announced the US has proposed a new AI safety notification system with China for incidents threatening national security, ahead of President Xi Jinping's visit to Washington this week.
The Treasury Department proposed new regulations that would revoke tax-exempt status for schools and universities that consider race in admissions, scholarships, or other programs, potentially affecting billions in federal funding.
The US Treasury Department expanded Iran sanctions to cover the country's digital asset sector, citing over $100 million in crypto payments allegedly used to facilitate Iranian oil sales as part of 'Operation Economic Outcast.'
US Treasury Secretary Scott Bessent indicated a deal between the US and Iran over control of the Strait of Hormuz could come as soon as Tuesday, causing oil prices to drop. President Trump later said talks are Iran's 'last chance' before potential strikes, though Iran denied negotiations were ongoing.
The US Treasury Department imposed sanctions on 11 entities and three individuals based in Iran, China, Belarus, and the United Arab Emirates for facilitating Iran's acquisition of weapons components, including materials for Shahed drones and ballistic missiles.
The United States removed sanctions on Venezuela's interim leader Delcy Rodríguez, marking a significant shift in relations following the ouster of Nicolás Maduro. The move comes as Washington gradually eases measures on Venezuela.
