US freezes $131M in Iran-linked crypto as Middle East tensions rise
Cointelegraph 2026-07-15 03:17:59
Context: The United States has frozen $131 million in cryptocurrency linked to Iran, amid rising tensions in the Middle East. The move is part of the US Treasury's efforts to disrupt and degrade Iran's illicit financial activities. The freeze was announced by US Treasury Secretary Scott Bessent on Tuesday.
Key Facts
- The US Treasury froze $131 million in cryptocurrency that was linked to Iran, as stated by US Treasury Secretary Scott Bessent on Tuesday.
- US Treasury Secretary Scott Bessent emphasized that the US Treasury is committed to disrupting and degrading Iran's illicit financial activities, including its abuse of digital assets.