US Treasury moves further on Tuesday as the country has frozen more than $130 million in crypto that was associated with Iran. The most recent US Treasury move focused on the four Tron wallets containing around $131 million in USDT.
The move was made by the US as it tries to stop sanctioned groups from using cryptocurrencies. The move is made at a time when tensions are high between the US and Iran.
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US Treasury Targets Iran-Linked Wallets
US Treasury Secretary Scott Bessent said the government issued the freeze order after on-chain data indicating that four Tron wallets were frozen by Tether was reported by blockchain investigator Specter.
In an update on X, Bessent clarified that the wallets are associated with the Central Bank of Iran. According to him, the move is aimed at helping the Treasury Department in its bid to disrupt Iran’s use of cryptocurrencies.
The US Treasury is dedicated to targeting and undermining the illicit financial activities of Iran, including any misuse of cryptocurrency, stated Bessent. We will not relent in pursuing the financial trail of Iran to deny the regime access to illicit revenue schemes.
The recent US Treasury enforcement demonstrates the continued importance of digital assets for US sanctions.
The freeze on the wallet is taking place against the backdrop of heightened conflict between the United States and Iran after the breakdown of the ceasefire agreement.
The US has imposed new sanctions on Iranian ports, and US Central Command reported new military operations against Iran. At the same time, Iran’s army said that drones attacked US military installations at Jordan’s Al Azraq Air Base.
US Treasury Expands Iran Crackdown
The most recent US Treasury enforcement effort comes in light of previous enforcement efforts. In April, Tether froze over $344 million worth of USDT on orders from US officials.
Bessent further revealed that in May, the United States confiscated roughly $1 billion worth of cryptoassets belonging to Iranians using Operation Economic Fury, which was initiated by the US in March 2025.
According to the Treasury, the purpose of the operation is to disrupt the flow of money used by Iran to fund its military and weapons purchasing programs.
Continued cooperation between the United States and companies dealing with blockchain technology, like Tether, makes the US Treasury an essential part of the sanctions enforcement process.
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