US plans to seize $1B in crypto linked to Iran this week: Scott Bessent
Summary
US Treasury Secretary Scott Bessent said the government expects to seize about $1 billion in cryptocurrency this week as part of sanctions targeting Iran. He said authorities know where the assets are and are isolating them, but did not specify whether the seizure involves exchanges or stablecoin issuers. The move continues US efforts to disrupt financial networks linked to Iran. Bessent previously cited a $500 million crypto seizure tied to Iran, while Tether reported freezing $550 million in USDT in 2026 under US sanctions, including $344 million in April.
