U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows
Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance.
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Fresh in the current trading session. The story has cross-source confirmation.
Why this matters
U.S. Treasury is showing up inside the Institutional Adoption theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
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Cross-source coverage
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US Treasury Blacklists MEXC Over $16B in Alleged Illicit Crypto Activity
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