U.S. Treasury Secretary Scott Bessent says the government will “probably” seize another $1 billion in cryptocurrency linked to Iran this week. The warning comes as Washington steps up pressure on Tehran’s financial networks, following earlier crypto freezes and efforts to restrict Iranian oil trade.
Bessent Says U.S. Has Tracked Iran-Linked Crypto
Speaking at a conference, Bessent said authorities know where the targeted funds are located.
“We know where it is,” he said, describing the broader effort as an “absolute isolation campaign.”
Bessent also said the pressure was affecting Iran’s Islamic Revolutionary Guard Corps (IRGC). He said the group “is now panicking amongst themselves,” adding that the campaign was…
