Morning Edition · Wednesday, July 22, 2026Published at 1:32 AM EDT · New York
US Treasury Freezes Roughly $130 Million in Iran-Linked Crypto Wallets
Treasury Secretary Scott Bessent said the action targeted wallets tied to Iran's Revolutionary Guard, as the state's use of blockchains to move value becomes a focus of sanctions enforcement.
Treasury Secretary Scott Bessent said the United States froze a crypto wallet worth roughly $130 million linked to Iran's Islamic Revolutionary Guard Corps, describing it as part of a broader campaign to track and seize assets tied to the I…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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