finance
U.S. Freezes $130 Million Crypto Account Linked to Iran
Treasury officials froze a $130 million cryptocurrency account tied to Iran's IRGC. Officials also urged Congress to pass the Crypto Clarity Act, which is now close to final approval.
Jul 21, 12:51 PM·1m read3 sources
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U.S. officials froze a cryptocurrency account holding $130 million that they linked to Iran's IRGC. The action targets funds allegedly connected to the Iranian organization.
Treasury officials described the Crypto Clarity Act as at the one-yard line and called on Congress to pass the measure. The legislation aims to establish clearer rules for digital assets. No additional accounts or individuals were identified in the announcement.
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