Treasury Secretary Bessent said the regime’s currency is in freefall, citing 180% inflation as Washington tightens financial pressure.
The U.S. Treasury has frozen a crypto wallet holding $130 million that was linked to the Iran Revolutionary Guard, marking another use of digital-asset controls in U.S. sanctions enforcement. Treasury Secretary Bessent said the regime’s currency is in freefall and cited 180% inflation, framing the move as part of broader financial pressure on Iran. Freezing a wallet typically blocks access to on-chain funds through sanctions or enforcement action, limiting the target’s ability to move or use the assets.