U.S. Treasury Secretary Scott Bessent announced today that America has now seized a cumulative total of approximately $1 billion in Iranian cryptocurrency assets under its escalating sanctions campaign.

Cumulative Total Hits $1 Billion

The figure represents the running total seized to date, not a single new action announced today.

It builds on earlier milestones, including a major April 2026 freeze of $344 million in USDT on the Tron blockchain.

Bessent had previously reported nearly $500 million in late April, with today’s update reflecting additional freezes accumulated since then.

“Just outright grabbed the wallets. Some of them may be typing in right now and might not realize their wallet had been grabbed,”…