Breaking
Bessent Says US Froze $130 Million in Crypto Wallets Linked to Iran’s IRGC
Minseung Kang
Summary
- U.S. Treasury Secretary Scott Bessent said the U.S. froze cryptocurrency wallets linked to Iran’s Islamic Revolutionary Guard Corps.
- Bessent said the U.S. froze cryptocurrency wallets worth $130 million linked to Iran’s Islamic Revolutionary Guard Corps.
- Markets are watching how any expansion of Iran-related sanctions could affect Middle East risk and investor sentiment in digital assets.
U.S. Treasury Secretary Scott Bessent said the U.S. froze cryptocurrency wallets linked to Iran’s Islamic Revolutionary Guard Corps, or IRGC.
Walter Bloomberg, a financial-markets news account, reported on X on July 21 that Bessent said the frozen crypto wallets were worth $130 million.
The wallet addresses, the types of assets involved and how the wallets were frozen have not been disclosed.
The move comes as military tensions between the U.S. and Iran persist. It points to a broader effort to tighten Iran-related sanctions and curb cryptocurrency funding flows. Markets are watching how any expansion of sanctions could affect Middle East risk and investor sentiment in digital assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.