Summary
- U.S. Treasury Secretary Scott Bessent said cryptocurrency wallets linked to Iran's Islamic Revolutionary Guard Corps, or IRGC, had been frozen.
- He said cryptocurrency wallets worth $130 million linked to the IRGC were frozen.
- The move points to a broader push to tighten Iran-related sanctions and block cryptocurrency flows, and markets are watching its potential impact on investor sentiment in the crypto market.
U.S. Treasury Secretary Scott Bessent said the U.S. had frozen cryptocurrency wallets worth $130 million that were linked to Iran's Islamic Revolutionary Guard Corps, or IRGC.
Walter Bloomberg, a financial-market news account, reported in a post on X on July 21 that Bessent had announced the freeze.
The specific wallet addresses, the types of assets involved and the method used to freeze them have not been disclosed.
The move comes as military tensions between the U.S. and Iran continue. It points to a broader push to tighten Iran-related sanctions and block cryptocurrency flows. Markets are watching how any expansion of such sanctions could affect Middle East risk and investor sentiment in the crypto market.
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