According to CoinMeta, and as reported by The Associated Press, U.S. Treasury Secretary Scott Bessent stated on Sunday local time that the Trump administration plans to sanction another bank this week in order to crack down on transactions related to Iran. During the G20 meeting, Bessent will meet with financial officials from major world economies and developing nations to promote their participation in the economic isolation of Iran. Bessent said, "If necessary, we will resort to financial violence. We are making it clear to everyone that we know who you are, and so do you, and this situation must stop."