US Treasury sanctions powerful Mexican cartel, Yellen says they intend to make business very difficult’ [Video]

Treasury Secretary Janet Yellen addressed steps the Biden administration is taking to crack down on fentanyl and drug trafficking into the United States Thursday on “Your World.”

Yellen told Fox News anchor Neil Cavuto that the Treasury Department, along with the U.S. Drug Enforcement Administration (DEA) and U.S. attorneys in Atlanta, levied sanctions on eight individuals affiliated with the La Nueva Familia Michoacana drug cartel. 

La Nueva Familia Michoacana, one of Mexico’s most violent and powerful cartels, is accused of human smuggling as well as trafficking fentanyl, cocaine and methamphetamine into the United States, according to a press release from the Treasury Department’s Office of Foreign Assets Control. 

“We intend through these actions to try to cut them off, to make their business very difficult or impossible by cutting them off from the U.S. financial system and the dollar,” Yellen said. 

She addressed concerns that cryptocurrency is used as a form of revenue for some cartels, saying its use “remains a small portion of the …