US freezes $130M crypto wallet linked to Iran’s Revolutionary Guard

The U.S. Treasury Department has frozen a $130 million cryptocurrency wallet linked to Iran’s Revolutionary Guard, according to Treasury Secretary Bessent. This action is part of a broader U.S. campaign targeting financial networks associated with Iran, including the Islamic Revolutionary Guard Corps (IRGC). The move suggests heightened sanctions enforcement by the U.S., using digital asset controls to disrupt Iran’s financial channels. The freeze is notable for its scale and indicates continued tension between the two countries amid ongoing adversarial relations and recent sanctions. Key Takeaways The freeze appears consistent with increased U.S. pressure on Iran, potentially complicating nuclear negotiations. Current market pricing suggests a decreased likelihood of a U.S.-Iran nuclear deal by August 13, 2026. The action reflects Washington’s ongoing strategy of targeting Iran’s digital asset channels as part of its sanctions enforcement. What to Watch Watch for any official responses from Iran or subsequent U.S. actions that might affect diplomatic relations. Developments in the nuclear negotiations, especially any public statements from key negotiators, could shift market senti...