U.S. Treasury Secretary Scott Bessent announced that the United States is working with stablecoin issuers to cut off Iran’s cryptocurrency transaction channels and place Iranian crypto exchanges on blacklists.
He also emphasized that the U.S. has seized and frozen approximately $1 billion worth of cryptocurrency assets linked to Iran.
In addition, U.S. authorities are actively cooperating with European allies to identify and freeze overseas real estate holdings and offshore bank accounts connected to the Islamic Revolutionary Guard Corps (IRGC).
This strategy, combined with strict economic sanctions and the blockade of the Strait of Hormuz, is intended to maximize economic pressure on Iran.
