US Treasury sanctions crypto exchanges linked to Iran’s IRGC financing

The US Treasury has expanded its crackdown on cryptocurrency by imposing sanctions on two crypto exchanges linked to the financing of Iran's IRGC. These measures are expected to escalate economic tensions and could potentially hinder diplomatic efforts, thereby reducing the likelihood of a successful U.S.-Iran nuclear deal. The action reflects a broader strategy by the United States to target digital asset platforms facilitating the financial operations of the Iranian Revolutionary Guard Corps.