U.S. Treasury Secretary Scott Bessent stated at the 2026 Reagan National Economic Forum that the United States has seized approximately $1 billion in cryptocurrency assets held by Iran, further increasing from the "close to $500 million" disclosed in April. Bessent said the U.S. believes Iran is obtaining about $400 million to $500 million per month by circumventing sanctions, and he stated that the U.S. has seized related crypto wallets while continuing to strengthen financial sanctions against Iran through measures such as freezing bank accounts. (The Block)

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