Iran sanctions Bessent Trump Treasury cryptocurrency.

The U.S. has sanctioned two Iranian financiers and several firms in Hong Kong and the United Arab Emirates for allegedly coordinating $100 million in cryptocurrency transfers from Iranian oil sales. Treasury officials allege that Alireza Derakhshan and Arash Estaki Alivand facilitated these transactions for the Iranian government. They reportedly used a network of front companies to transfer the funds. The sanctions are part of a “maximum pressure” policy on Tehran, initiated by an executive order from President Donald Trump. The measures deny access to U.S. assets and prevent U.S. entities from doing business with those sanctioned.