PANews reported on May 21 that, citing a recent estimate from a threat detection data company, FOX Business reporter Darren Botelho stated that the Iranian government controls approximately $7.7 billion in digital assets. The US Treasury Department had previously frozen approximately $500 million in Iran-related crypto assets, including $344 million frozen last month alone. The CEO of 250 Digital Asset Management stated that while cryptocurrencies are often seen as tools for evading sanctions, they are actually beneficial for law enforcement tracking. The report suggests that the US government may increase pressure on Iran by blocking cryptocurrency exchanges from accessing the US banking system.