US Treasury Expands Sanctions on Iran's Digital Asset Sector

The U.S. Treasury Department has significantly expanded its sanctions authority over Iran's digital asset sector, a move officials described as part of a broader "economic D-Day" campaign to sever the country's financial lifelines. The action, announced on August 24, 2026, formally designates digital assets as a sanctionable sector under Executive Order 13902, granting the Office of Foreign Assets Control (OFAC) the power to target brokers, wallet operators, and payment processors globally who support Iran's crypto economy. Treasury Secretary Scott Bessent framed the initiative as a sustained enforcement effort.