Treasury Secretary Scott Bessent said July 14 that Treasury’s Office of Foreign Assets Control sanctioned multiple digital-asset wallets tied to the Central Bank of Iran, resulting in more than $130 million being frozen. The action puts crypto wallets directly inside Washington’s Iran sanctions toolkit.
.@USTreasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets. Today, Treasury’s Office of Foreign Assets Control sanctioned multiple wallets tied to the Central Bank of Iran, resulting in the freeze of over $130…
— Treasury Secretary Scott Bessent (@SecScottBessent) July 14, 2026
Bessent framed the move as part of Treasury’s effort to disrupt Iran’s illicit financial activity, including what he called its abuse of digital assets. The practical effect is that targeted wallet infrastructure becomes a sanctions chokepoint, making on-chain exposure a compliance issue for counterparties and platforms.
The next checkpoint is whether Treasury names further wallets or links the freeze to additional enforcement actions against intermediaries moving Iranian funds. For now, the signal is narrower but forceful: OFAC is treating blockchain addresses as actionable sanctions targets, and asset freezes can now follow wallet designations with immediate market consequences.
Source: Treasury Secretary Scott Bessent’s official X account.
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