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US Treasury tracks and freezes Iranian crypto funds, Bessent says

US Treasury tracks and freezes Iranian crypto funds, Bessent says
AI summary

The US Treasury has tracked and frozen Iranian crypto funds, according to Treasury Secretary Scott Bessent. The move shows sanctions enforcement reaching deeper into digital assets, undercutting the idea that crypto offers immunity from state-level financial controls. Traders should watch for wider sanctions-driven scrutiny of on-chain flows and exchange compliance.

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