President Donald Trump has drawn a hard line in ongoing negotiations with Iran: no unfreezing of assets, no lifting of sanctions, and no concessions until a formal peace deal is signed. The stance, reiterated multiple times through late May and early June 2026, sets the stage for a prolonged standoff with direct implications for crypto markets.
On June 9, 2026, Trump described the negotiations as being in their “final throes” while simultaneously emphasizing that US pressure, including sanctions and naval blockades, would continue until a satisfactory agreement materializes.
Treasury goes after Iran’s crypto infrastructure
On June 2, 2026, the US Treasury Department sanctioned four Iranian digital asset exchanges: Nobitex, Wallex, Bitpin, and Ramzinex. Nobitex is Iran’s largest crypto exchange.
The designations were part of what the Treasury calls the “Economic Fury” campaign, targeting entities accused of facilitating sanctions evasion and maintaining ties to the Islamic Revolutionary Guard Corps (IRGC).
