The United States is ramping up efforts to regulate the fast-growing cryptocurrency sector, with Scott Bessent calling on lawmakers to act quickly.

The White House extended the September 17 deadline for China's ByteDance to divest its U.S. assets related to the short-video app TikTok or face a shutdown. The new deadline has been set for December 16.

The United States is poised to make several significant trade announcements within the next 48 hours, Treasury Secretary Scott Bessent said on Monday, just ahead of a key deadline to finalize trade agreements.