US Treasury Secretary Scott Bessent said that the US has “outright grabbed the wallets” worth $1billion in Iranian cryptocurrency assets as part of Washington’s economic pressure campaign against Tehran. While speaking on Fox Business’ “Kudlow” during the Regan National Economic Forum, Bessent said that US sanctions and seizure efforts under the “Operation Economic Fury” have pushed Iran into a financial crisis.

“I think between five and a half-six weeks of an incredibly successful military campaign and then Operation Economic Fury, where we have really cut them off…they are at the end of their tether now financially,”

The figure represents the total seized amount, not a single new activity. This includes a $344 million freeze of…