The United States has seized about $1 billion worth of cryptocurrency tied to Iran, Treasury Secretary Scott Bessent announced, describing the action as part of a broader campaign to cut off funding channels used by Tehran.
Operation Economic Fury
Speaking in a Fox Business interview, Bessent said U.S. authorities had “grabbed the wallets” and seized cryptocurrency connected to Iran.
The effort falls under Operation Economic Fury, a Trump administration initiative aimed at restricting Iran’s access to overseas revenue, banking networks, and digital-asset infrastructure.
The Treasury stated:
“Treasury has cracked down on Tehran’s global shadow banking networks; designated networks supplying weapons and other military components to Iran; sanctioned a corrupt Iraqi official who has facilitated the sale of oil along with Iran-backed militias…
