U.S. says it seized about $1 billion in Iranian crypto as pressure campaign expands

CoinDesk Staff

(03:50 PM UTC)

1 min read

The seizure, falling under "Operation Economic Fury," aims to restrict Iran's access to overseas revenue, banking networks, and crypto infrastructure.

The United States has seized about $1 billion worth of cryptocurrency tied to Iran, Treasury Secretary Scott Bessent said, describing the action as part of a broader campaign to cut off funding channels used by Tehran.

Speaking in an interview on…

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