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.