US Treasury Secretary: 'America has seized $1 billion in Iranian crypto assets'
Bessent said the seizure is part of Operation Economic Fury, which he said has cut off Iran’s financial lifelines and pushed its economy toward crisis.
- On Thursday, Treasury Secretary Scott Bessent announced that U.S. authorities have seized roughly $1 billion in Iranian cryptocurrency assets, stating officials "outright grabbed the wallets" as part of Operation Economic Fury.
- Launched in March 2025, Operation Economic Fury targets Tehran's sanctions-evasion networks that previously siphoned an estimated $400 million to $500 million monthly through cryptocurrency channels.
- Bessent stated the seized funds are held for terrorism victims and the Iranian people, while asserting financial pressure has left the regime in "crisis," with 40% to 50% of troops reportedly unpaid.
- Alongside cryptocurrency seizures, U.S. service members enforce a naval blockade in the Strait of Hormuz, with Bessent praising young personnel: "They've done an incredible job," he told FOX Business.
- Treasury officials plan further forfeiture actions against Iranian assets, reinforcing the administration's doctrine that "economic security is national security" and reducing dangerous overdependence on foreign adversaries.
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Times of India
The Economic TimesUS seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis
US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury." This economic pressure campaign, combined with military actions, has severely weakened Iran's financial standing, leading to salary shortages and surging inflation. Bessent highlighted efforts to disrupt Iran's financial networks and noted increased cooperation with Gulf allies.
Secretary of Treasury Scott Bessent Delivers Economic and National Security Remarks to Reagan Economic Forum
Speaking to an audience at the Ronald Reagan National Economic Forum in California, Treasury Secretary Scott Bessent outlines how flawed trade, financial and economic policies of the past have brought us to a critical moment where President Donald Trump needs to reset the entire system in order to protect American interests. This is a powerful […] The post Secretary of Treasury Scott Bessent Delivers Economic and National Security Remarks to Rea…
Fox Business
The New York LedgerScott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether'
Scott Bessent announces $1 billion seizure of Iranian crypto assets and says Operation Economic Fury has sent the Iranian regime into financial crisis.
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