The US is set to seize $1B in crypto linked to Iran this week, per Scott Bessent. Seizure size is not the point — it's the clearest sign yet that on-chain enforcement is now a standing tool, and desks

What happened: US Treasury Secretary Scott Bessent said the US plans to seize about $1 billion in crypto linked to Iran this week, part of sanctions tied to the military conflict that began in February. Key numbers: About $1 billion planned seizure. Prior $500 million seizure cited in April. Tether reported freezing $550 million in USDT in 2026, including $344 million in April. Why it matters: Bessent said the US knows where the assets are and is isolating them as part of cutting off Iran economically. OFAC has targeted exchanges facilitating funds to Iran's IRGC.

US Treasury Secretary Scott Bessent said the US plans to seize about $1 billion in crypto linked to Iran this week, part of sanctions tied to the military conflict that began in February.

Bessent said the US knows where the assets are and is isolating them as part of cutting off Iran economically. OFAC has targeted exchanges facilitating funds to Iran's IRGC.