US prepares sanctions on International Criminal Court, including transaction ban
- —The sanctions are based on Executive Order 14203 of February 2025 declaring a national emergency
- —Earlier sanctions on ICC judges led to closed bank accounts and blocked cards
- —The GENIUS Act requires stablecoin issuers to block transactions and screen against the OFAC list
- —Tether froze 344 million USDT on Tron in April at OFAC's request
Why it matters: Sanctions on the ICC show that dollar stablecoins and Bitcoin offer no sanctions workaround because of OFAC screening at exchanges and issuers.
Source: BeInCrypto DE