The United States has frozen approximately $344 million in cryptocurrency assets related to Iran, increasing economic pressure

According to CNN, the United States has frozen approximately $344 million in cryptocurrency assets, stating that the related funds are linked to Iran, and has implemented freezes on two addresses with the assistance of Tether; the U.S. indicated that these funds are associated with on-chain transactions involving Iranian entities, including interactions with wallets related to Iranian exchanges and the Central Bank of Iran. This action is part of the U.S. efforts to further increase economic pressure on Iran.