The US and Iran are set to restart diplomatic negotiations on Monday, continuing a process that has already produced a surprising amount of momentum, and an equally surprising ripple effect across crypto markets.
The upcoming technical round builds on high-level talks held June 22 in Bürgenstock, Switzerland, where negotiators from both sides spent nearly 18 hours hammering out a roadmap for reaching a final deal within 60 days. That session established working groups focused on three pillars: nuclear matters, sanctions, and dispute resolution.
What happened in Switzerland
The June 22 marathon session followed an Islamabad Memorandum signed on June 17 by President Trump and Iranian President Masoud Pezeshkian, which laid the diplomatic groundwork for the Swiss talks.
The most concrete outcome: the US waived sanctions on Iran for 60 days starting June 22. The framework also calls for the resumption of UN nuclear inspections. De-escalation around Lebanon and maintaining open navigation through the Strait of Hormuz are also on the table.
