The U.S. Treasury Department imposes new round of financial sanctions on Iran and freezes approximately $344 million in crypto assets

The U.S. Treasury Department announced a new round of financial sanctions against Iran on April 24, updating the "Specially Designated Nationals List" and imposing sanctions on multiple Iran-related "wallets" and freezing approximately $344 million in cryptocurrency assets. U.S. Treasury Secretary Basent said the move was part of the financial sanctions against Iran.