Scott Bessent: “President Trump was elected, one of the reasons was the affordability crisis, and we are setting about doing that.”

No one is above the reach of U.S. sanctions," Bessent said.

This administration will not tolerate blatant abuse of our financial system, nor will it permit risks posed by the extension of financial services to illegal aliens.

Must be shuttered and dark," Bessent said about Iran's Bank Melli.

Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system.