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From the Liveblog of
Saturday, April 25, 2026
From the Liveblog of
Saturday, April 25, 2026
US freezes $344 million in cryptocurrency over ties to Iran
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US Treasury Secretary Scott Bessent testifies on his agency's proposed budget estimates for fiscal year 2027 at a Senate Appropriation subcommittee, at the Capitol in Washington, April 22, 2026. (AP Photo/J. Scott Applewhite)
The United States has frozen $344 million in cryptocurrency assets over ties to Iran, US Treasury Secretary Scott Bessent says, as Washington seeks to raise pressure on Tehran amid energy supply disruptions due to the war.
“Under Economic Fury, the US Treasury will continue to systematically degrade Tehran’s ability to generate, move, and repatriate funds,” Bessant says on X.
“We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he writes.
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