The US Treasury has frozen over $130 million in digital assets tied to Iran’s central bank, and Washington has started designating major Iranian cryptocurrency exchanges under counterterrorism authorities. The confrontation traces back to earlier in 2026, with Iranian missile strikes dating to March and coordinated US-Israeli military actions forming the backbone of what has become a sustained armed conflict. A brief window of hope opened in June 2026, when an interim peace deal aimed at de-escalating hostilities was negotiated. The crypto sanctions frontThe US government designated major Iranian cryptocurrency exchanges, including Nobitex, Wallex, and Bitpin, under counterterrorism authorities. By targeting exchanges and their leadership by name, the Treasury is attempting to collapse the institutional infrastructure that enables large-scale evasion.