The UK Treasury expands its guidance on sanctions to mandate that crypto exchanges report suspected sanctions breaches immediately or face penalties (Jasper Jolly/The Guardian)

Kyle Wiggers / TechCrunch:
Jasper, a service that leverages AI to generate marketing art and copy, raised $125M led by Insight Partners at a $1.7B valuation  —  As the enthusiasm around AI image and text generators grows, Jasper, a startup developing what it describes as an “AI content” platform, has raised $125 million at a $1.7 billion valuation.

Brady Dale / Axios:
The US Treasury clarifies its guidance on Tornado Cash and provides a way for users to lawfully withdraw their funds by applying for a license  —  New guidance from the U.S. Treasury Department’s Office of Foreign Assets Control provides a roadmap for people who used Tornado Cash for lawful transactions to withdraw their stuck funds.

Colin Wilhelm / The Block:
DC-based policy nonprofit Coin Center sues the US Treasury Department, saying the treasury overstepped its authority by sanctioning Tornado Cash in August 2022  —  – The D.C.-based policy nonprofit sued the Treasury Department, saying it overstepped its authority when it sanctioned transaction mixer Tornado Cash in August.

Kollen Post / The Block:
Crypto exchange Bittrex agrees to a $29.3M settlement with the US Treasury Department over potential liability for sanctions violations between 2014 and 2017  —  – Bittrex is facing record fines from the U.S. Treasury Department over the exchange’s lack of sanctions controls between 2014 and 2017.

Jeff John Roberts / Fortune:
Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions  —  Six users of Tornado Cash, a popular decentralized cryptocurrency service, filed a lawsuit on Thursday against the U.S. Treasury Department …

Voice of America:
The US Treasury updates its guidance to let US tech companies expand their internet services in Iran, after the country took most of its ~83M citizens offline  —  The U.S. Treasury Department said Friday that it was updating guidance to U.S. tech firms to expand the range of internet services available …