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U.S. says it will likely seize $1 billion in Iran-linked crypto

Treasury has sanctioned seven Iranian crypto exchanges since June, as the Trump administration presses an isolation campaign.

Reported · Written up by our desk · Regulation

U.S. Treasury Secretary Scott Bessent said the United States will probably seize $1 billion in crypto tied to Iran this week, adding that the government knows where the assets are, according to The Block.

Bessent said the seizure is part of an “absolute isolation campaign” that includes other measures aimed at Iran, including Strait of Hormuz blockades, restrictions on international flights, and closing off Iran’s land route.

The Block also reported that Bessent did not identify the targeted wallets or say whether the planned seizure would add to previously announced amounts.

The outlet further noted that Treasury has sanctioned seven Iranian crypto exchanges since June.

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