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🇺🇸 The United States has officially announced the seizure of nearly $1 billion worth of Iranian crypto assets. Treasury Secretary Scott Bessent revealed that this figure has doubled in just one month. The seized crypto will be added to the national #Bitcoin reserve that the U.S. is building.
According to Mr. Bessent, Iran still bypasses sanctions each month to earn about $400-500 million, mainly from oil sales. He emphasized that these assets belong to the entire country and should be used to serve the Iranian people rather than support activities sanctioned by the U.S.
To counteract the U.S. seizure orders, Iran has shifted to requiring payments in $BTC directly at the Strait of Hormuz, instead of relying on stablecoins.
#BitcoinReserve #IranCrypto #USSanctions #CryptoSeizure #CryptoEnthusiast