The U.S.
Treasury Department is zeroing in on digital assets it says are being used to bolster Iran’s economy as part of what officials have described as an "economic D-Day." During a press conference on Monday, Treasury Secretary Scott Bessent debuted the Trump administration's plan to impose secondary sanctions to target Iran's sources of revenue, specifically when it comes to digital assets, technology, aviation, gold, and shipping.
"These measures broaden secondary sanctions risk for anyone foolish enough to continue conducting business with this regime—and accelerate the speed with which we pursue them," Bessent said.
For next steps, the Treasury, State Department and the military are meeting with global stakeholders, and Bessent said that "every country has a defined timeline to shut down activities we have identified." The announcement comes as the U.S. and Iran remain in an ongoing conflict that began last year with initial strikes that killed the Islamic Republic's Supreme Leader Ayatollah Ali Khamenei.
The U.S. has imposed a series of sanctions, including targeting Iran's oil revenue and shipping.
