US Confiscates $500M in Iranian Crypto, Treasury Secretary Reveals

The United States has confiscated almost $500 million in Iranian cryptocurrency assets as part of a broad economic pressure strategy against Tehran, according to Treasury Secretary Scott Bessent on Wednesday.

Bessent made the comments during an appearance on Fox Business’s “Kudlow,” where he outlined the scope of Operation Economic Fury, a campaign ordered by President Donald Trump in March 2025 aimed at cutting off Iran’s financial lifelines through asset seizures, bank account freezes and secondary sanctions on…