U.S. Sanctions Cripple Financial Networks Sustaining the Iranian Regime

Thomas "Tommy" Pigott, SpokesmanOffice of the Spokesman U.S. Sanctions Cripple Financial Networks Sustaining the Iranian Regime Press Statement November 6, 2026 The United States is taking action today against eight digital asset service providers that help the Iranian regime evade sanctions and fund terrorism. The Department of the Treasury is designating these firms, which exchange Iranian rials and other currencies for digital assets so that the regime, the Islamic Revolutionary Guard Corps (IRGC), and other sanctioned actors can move money into and out of Iran. Several of these businesses sent funds to digital asset accounts linked to the IRGC and other terrorist activity. Many also dealt with Iranian cryptocurrency exchanges that the United States has already sanctioned. Some changed their names and addresses to avoid detection, and all of them kept operating despite public reporting on the risks they posed. As part of Operation Economic Outcast, the United States will continue to cut off revenue the Iranian regime uses to fund terrorism, weapons proliferation, and its proxies across the Middle East. Today’s action deepens Iran’s economic isolation and targets its growing use

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