Fox Business reported that the U.S. government is strengthening efforts to crack down on Iran's use of cryptocurrency. In this regard, the media explained, "The U.S. aims to crack down on Iran's use of cryptocurrency to block their alternative financial channels for sanction evasion. In fact, U.S. Treasury Secretary Scott Bessent previously stated that approximately $500 million worth of cryptocurrency linked to the Iranian regime has been frozen. Meanwhile, Iran is currently estimated to hold digital assets worth approximately $7.7 billion."
