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Crypto

U.S. Treasury sanctions Iranian exchange Bitbank over bitcoin fund moves

The U.S. Treasury has added Iranian cryptocurrency exchange Bitbank to its sanctions list, targeting what it describes as networks used to move bitcoin to help Iran evade sanctions. The action is part of the Trump administration’s “Operation Economic Outcast” campaign of economic pressure on Iran. The Treasury also designated Iranian financier Babak Zanjani, his software firm, and three associates. Treasury Secretary Scott Bessent said the move shows crypto financing is not beyond U.S. reach.

AI & Enterprise

Why a Korea-focused blockchain Maroo is drawing attention as Tiger Research releases analysis report

Tiger Research, a Web3-focused research firm, released an analysis report on Maroo, a layer-1 blockchain being developed by Hashed Open Finance under Hashed to target stablecoins. The report says Maroo embeds transaction rules at the chain level through a Legal Oracle committee and a programmable compliance layer, enabling network-wide updates when regulations change. It also highlights use of the won stablecoin OKRW as the base unit and a design allowing asset freezes and recovery in emergencies.

Crypto

U.S. Senate blocks Clarity Act but revote still possible

The U.S. Senate rejected a cloture vote on the Clarity Act, a digital asset market structure bill, by 49 to 50, leaving a procedural path for a revote. Republican Senator Thom Tillis switched his vote to preserve reconsideration options. With an Oct. 2 recess and election-related delays in both chambers, passage this year looks harder. Democrats seek stronger ethics provisions, citing President Donald Trump’s crypto interests, while talks continue over amendments and enforcement.