US Slaps Sanctions on Russian VTB Bank Amid Cryptocurrency Legislation Vote

The United States has imposed new sanctions on Russia's VTB Bank, accusing it of helping Iran evade Western sanctions.

The move could have far-reaching consequences for foreign banks and businesses that still interact with VTB, potentially exposing them to penalties.

In a separate development, the US Senate is set to vote on advancing key cryptocurrency legislation known as the Clarity Act, which aims to establish a legal framework for digital assets.

The legislation has significant implications for the booming crypto industry and could shape its future direction.