U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime
Published . Updated .
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Some of the businesses sanctioned Friday are also accused of laundering drug money for alleged cocaine kingpin Ryan Wedding.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust-8.0% 30d
iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story.
- USO United States Oil Fund-0.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.
- XLV Health Care Select Sector SPDR
Health Care Select Sector SPDR: it holds drugmakers and health companies. Linked by “drug” (pharma and health) in this story.
- COIN Coinbase Global-29.9% 30d
Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- MSTR Strategy-16.4% 30d
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story.
- CVX Chevron+4.2% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story.
- MARA MARA Holdings-7.6% 5d
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| IBIT | +1.12% | +5.69% | base | after close | after close | after close | after close |
| USO | +5.62% | -2.06% | base | after close | after close | after close | after close |
| XLVNo price data for this ticker | — | — | — | — | — | — | — |
| COIN | +2.28% | +12.47% | base | after close | after close | after close | after close |
| MSTR | +1.36% | +10.45% | base | after close | after close | after close | after close |
| XOM | +8.37% | +2.16% | base | after close | after close | after close | after close |
| CVX | +7.15% | +2.05% | base | after close | after close | after close | after close |
| MARA | +1.34% | +8.43% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime Toronto Star
Source: Toronto Star
The price since 7 Nov 2026: iShares Bitcoin Trust ETF (IBIT) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Coinbase Global (COIN) | three days earlier | +12.47% | final price |
| Coinbase Global (COIN) | five days earlier | +2.28% | final price |
| Chevron (CVX) | three days earlier | +2.05% | final price |
| Chevron (CVX) | five days earlier | +7.15% | final price |
| iShares Bitcoin Trust ETF (IBIT) | three days earlier | +5.69% | final price |
| iShares Bitcoin Trust ETF (IBIT) | five days earlier | +1.12% | final price |
| MARA Holdings (MARA) | three days earlier | +8.43% | final price |
| MARA Holdings (MARA) | five days earlier | +1.34% | final price |
| Strategy (MSTR) | three days earlier | +10.45% | final price |
| Strategy (MSTR) | five days earlier | +1.36% | final price |
| United States Oil Fund (USO) | three days earlier | -2.06% | final price |
| United States Oil Fund (USO) | five days earlier | +5.62% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +2.16% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.37% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 81 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 89 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 89 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 24 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 68 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 24 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 45 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 66 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around iShares Bitcoin Trust ETF (IBIT)
Companies tied to this story
- IBIT iShares Bitcoin Trust ETF
For “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story
- USO United States Oil Fund
In “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story
- BWET Amplify Commodity Trust
For “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story
- COIN Coinbase Global
Coinbase Global (COIN) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime.” Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story
- MSTR Strategy
For “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime,” Strategy (MSTR) is linked, with no stored direction, medium confidence. Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story
- XOM ExxonMobil Holdings
For “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story
- CVX Chevron
In “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “iran” (oil) in this story
- MARA MARA Holdings
In “U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime,” MARA Holdings (MARA) is linked, with no stored direction, medium confidence. Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story
iShares Bitcoin Trust ETF (IBIT)
“U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime” (7 Nov 2026) reaches iShares Bitcoin Trust ETF (IBIT) through this story.
What ties iShares Bitcoin Trust ETF (IBIT) to the headline is this: iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story
Also listed, United States Oil Fund (USO): United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story
The price range for iShares Bitcoin Trust ETF (IBIT), and the dates in the story
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. IBIT traded between 43.03 and 48.07 across 20 sessions. The latest close on file is 44.03. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.22.
What the saved facts support for iShares Bitcoin Trust ETF (IBIT)
46 out of 100
“U.S. slaps sanctions on Yonge Street crypto businesses, alleging they aided Iran’s regime” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.