The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.

© Amr Abdallah Dalsh/Reuters

Bank Melli, Iran’s largest lender, already faces sanctions that severely limit its ability to operate abroad. Every foreign branch must be shut down, Treasury Secretary Scott Bessent said.

© Arash Khamooshi/Polaris for The New York Times

President Trump called on Congress to pass a major cryptocurrency bill that would tilt regulation in the industry’s favor.

© Doug Mills/The New York Times