U.S. Treasury Secretary Scott Bessent revealed that authorities have seized approximately $1 billion in cryptocurrency linked to Iran, significantly surpassing prior estimates.
Speaking at the Reagan National Economic Forum, Bessent stated that Iran had been generating hundreds of millions of dollars monthly through sanctions evasion activities using digital assets.
According to the Treasury Secretary, multiple crypto wallets connected to illicit operations were brought under U.S. control, reflecting an intensifying effort by authorities to disrupt illegal financial networks.
The latest seizure nearly doubles the amount previously reported this year, highlighting the growing role of digital assets in sanctions evasion and illicit finance.
Experts say the move signals a strong stance by U.S. agencies to enforce global financial regulations and underscores the importance of tracking digital asset flows in combating criminal and sanctioned activities.
The operation reinforces the need for international cooperation in addressing cryptocurrency-related enforcement challenges.
💥 @SecScottBessent: The U.S. has seized roughly $1 BILLION in Iranian crypto. pic.twitter.com/N5Sk7XwjKL
— Ronald Reagan Presidential Foundation & Institute (@RonaldReagan) May 29, 2026
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