The US has seized roughly $1 billion in Iranian cryptocurrency assets amid the ongoing conflict with Iran, according to Treasury Secretary Scott Bessent.
“We have seized about a billion dollars of their crypto,” Bessent told Fox Business. “Just outright grabbed the wallets.”
During the Reagan Annual Economic Forum, Bessent said that the economic pressure amid “Operation Economic Fury,” which began in March 2025, has brought the country into a crisis. Amid the operation, Iranian assets have been seized, bank accounts have been frozen, and foreign governments have been pressured to cut ties with the regime.
“I think between five and a
