U.S. Treasury Seizes $1 Billion in Cryptocurrency from Iran Amid Military Tensions
The U.S. Treasury Secretary Scott Bessent announced that the United States has seized approximately $1 billion worth of cryptocurrencies from Iran. This action is part of a broader crackdown on entities linked to Iran's military, particularly the Islamic Revolutionary Guard Corps, which has reportedly used Bitcoin and Tether's USDT stablecoin for various financial transactions. The seizures have occurred since the outbreak of military conflict in February, with the U.S. government targeting digital assets held by Iranian actors. Bessent made these remarks at the 2026 Reagan National Economic Forum, highlighting the U.S. government's efforts to curb Iran's financial activities amid ongoing geopolitical tensions. 
