The U.S. Treasury is seeking to expand its authority to enforce cryptocurrency regulations overseas and aims to control dollar stablecoins

ChainCatcher news, according to coindesk, the U.S. Treasury is urging lawmakers to grant it new enforcement and sanction powers, including handling cases that do not involve domestic transactions. Under the proposal, Congress should grant the Treasury "new secondary sanction tools" to combat exchanges that support terrorism. Additionally, the U.S. government is also seeking control over Tether, with the proposal suggesting that "legislation could explicitly authorize OFAC to exercise extraterritorial jurisdiction over transactions involving stablecoins pegged to the dollar (or other dollar-denominated transactions), just as it typically does for dollar transactions," even if these transactions do not have direct contact with the U.S.