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Bessent: The U.S. has seized approximately $1 billion worth of cryptocurrency from Iran.
PANews
May 30, 2026
#Crypto Stocks
XYZ
+1.84%
May 30 news, according to The Block, the United States has seized approximately $1.00 billion of Iran's cryptocurrency assets, almost double the government's previous estimate.
U.S. Treasury Secretary Scott Bessent said on Friday at the 2026 Reagan National Economic Forum that the U.S. believes Iran steals approximately $400.00 million to $500.00 million per month by circumventing sanctions. "I believe we have seized approximately $1.00 billion of their cryptocurrency," "We directly confiscated their wallets. Some of them may be entering information now, but may not realize that their wallets have been confiscated."
On April 29, Bessent stated that the U.S. had seized "nearly $500.00 million" of Iranian cryptocurrency assets.