Treasury Secretary Scott Bessent said the Iranian economy is nearing a breaking point Friday, while announcing that the U.S. has seized roughly $1 billion in Iranian cryptocurrency assets.

“We have seized about a billion dollars of their crypto,” he told FOX Business. “Just outright grabbed the wallets.”

Joining “Kudlow” at the Reagan National Economic Forum, Bessent detailed the United States’ economic pressure campaign on Iran, known as “Operation Economic Fury,” which he said has sent the regime into “crisis.”

“I think between five and a half-six weeks of an incredibly successful…