The US has spent years cutting Iran off from global finance — and crypto is no longer a safe detour. Treasury Secretary Scott Bessent said Washington was "probably gonna seize a billion dollars of crypto this week" targeting the Iranian regime, without specifying whether exchanges or stablecoin issuers were in the crosshairs.
The tally is growing fast: April brought $500M in seizures; Tether reported freezing
$550M in USDT throughout 2026 under US sanctions. OFAC has been targeting exchanges serving Iran's Revolutionary Guard since August."We know where it is, and we are isolating them."
Crypto was sold as freedom from state control. States, it turns out, read the manual — per Newsmax.
Cointelegraph