Treasury Secretary Scott Bessent Says the US Is Targeting Iran’s Access to Crypto
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Apr 29: US Treasury Secretary Scott Bessent said Washington’s sanctions campaign now targets Iran’s access to crypto—alongside oil exports, shipping networks and shadow banking—marking the first explicit Treasury naming of digital assets in the Iran pressure campaign. This escalation places crypto and Bitcoin at the center of a geopolitical dispute, heightening regulatory and market risk (affecting DeFi, CEX/DEX flows and potential sanctions-evasion vectors) and has been moving Bitcoin’s price for weeks.
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US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to crypto,” alongside oil exports, shipping networks, and shadow banking channels.
It is the first time the Treasury has named digital assets so explicitly in the context of the Iran pressure campaign, and it puts crypto squarely in the middle of a geopolitical dispute that has already been moving Bitcoin’s price for weeks.
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