US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis

US Treasury Secretary Scott Bessent on Friday (local time) said that the United States has seized roughly USD 1 billion in Iranian cryptocurrency assets as part of Washington’s economic pressure campaign against Tehran.

Speaking on Fox Business’ “Kudlow” during the Reagan National Economic Forum, Bessent emphasised the administration’s sanctions and asset seizure efforts under “Operation Economic Fury” as having pushed Iran into a severe financial crisis.

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