The U.S. Treasury Department is urging lawmakers to grant it new enforcement and sanctions powers, including cases involving transactions outside the United States that do not involve its own country. According to the proposal, Congress should grant the Treasury Department "new secondary sanctions tools" to combat exchanges that support terrorism. In addition, the U.S. government is also seeking control over Tether, and the proposal suggests that "legislation could explicitly authorize OFAC to exercise extraterritorial jurisdiction over stablecoin transactions pegged to the U.S. dollar (or other transactions denominated in U.S. dollars) as they generally do over U.S. dollar transactions," even if these transactions do not directly contact the United States.

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