US Treasury News

US Revokes Venezuela Operation License for France's M&P, Sparking International Oil Debate

French oil company M&P confirms the U.S. revocation of its Venezuela operation license, part of a wider OFAC action affecting international oil firms, as Venezuela denounces the de...

How the US Plans to Use Stablecoins to Reinforce the Dollar's Global Dominance

US Treasury Secretary Scott Bessent announced the Trump administration's plan to use stablecoins to maintain the dollar's status as the world's dominant reserve currency, aiming to...

Bessent Argues Against the Need for a Central Bank Digital Currency in the US

Scott Bessent, nominated as US Treasury Secretary, believes there's no need for a central bank digital currency in the US, citing the availability of secure assets and the importan...

Donald Trump to Step Back from Trump Organization Management Upon Presidency

President-elect Donald Trump will step back from the daily management of the Trump Organization as part of an ethics plan. The organization will avoid new deals with foreign govern...