U.S. Treasury Secretary Scott Bessent has said authorities have located about $1 billion in Iran-linked cryptocurrency that they could seize this week as Washington presses ahead with financial restrictions against Tehran.
Summary
- Bessent said U.S. authorities could seize $1 billion in Iran-linked cryptocurrency during the week.
- Treasury sanctioned 17 vessels on Oct. 8 over alleged shipments of Iranian petroleum products.
- Tether reported approximately $550 million in Iran-linked USDT freezes during 2026.
- Chainalysis estimated Iran’s cryptocurrency ecosystem handled more than $7.78 billion in activity during 2025.
Scott Bessent said at Newsmax’s NPolicy Summit…
