Politics
US Treasury freezes $130 million in cryptocurrency linked to Iran
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US Treasury freezes $130 million in cryptocurrency linked to Iran
The Trump administration announced the freeze of over $130 million in digital assets and imposed sanctions on wallets and entities connected to Iran.
- The US Treasury froze over $130 million in cryptocurrency it says is linked to Iran, the department announced.
- Treasury Secretary Scott Bessent said the department will continue to block Iran’s access to proceeds from illicit schemes.
- The Treasury imposed sanctions on multiple digital wallets allegedly tied to Iran’s central bank and on more than 50 entities.
- A source familiar said the cryptocurrency company Tether was involved in freezing the assets.
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