Crypto was once seen as a way to move money quietly across borders. But now things are changing. Today, Treasury Secretary Scott Bessent announced that the U.S has seized nearly $1 billion worth of Iranian cryptocurrency assets, marking one of the largest crypto-related enforcement actions. 

Despite this massive seizure, Iran hasn’t stopped, its is been exploring new ways to use crypto.

How Much Iranian Crypto Has the US Seized?

Speaking at the Reagan National Economic Forum, Bessent said the U.S. had “outright grabbed the wallets,” holding approximately $1 billion in Iranian crypto assets.

“I believe that we have seized about a billion dollars of their crypto, some of them may be typing in right now and not have realized…