The total value of cryptocurrency seized by the United States from Iran has reached nearly $1 billion, Treasury Secretary Scott Bessent has announced — doubling the figure he cited earlier this year. Bessent had previously disclosed approximately $500 million in seized Iranian crypto assets, making the latest figure a significant escalation in enforcement action. The seizures are part of broader US efforts to use financial tools against Iran, targeting digital assets as a channel potentially used to circumvent traditional sanctions. Crypto has increasingly drawn regulatory and enforcement scrutiny as a sanctions-evasion mechanism, with authorities arguing state-linked actors exploit decentralised networks to move funds outside the reach of conventional banking restrictions. No further breakdown of the assets or seizure timeline was immediately provided.
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