US Freezes $1 Billion in Crypto Assets Linked to Iran

The United States has frozen roughly $1 billion in cryptocurrency assets connected to Iran, according to officials familiar with the matter. The action marks one of the largest crypto seizures by the U.S. government to date—and adds an ironic footnote to crypto's pitch for censorship-resistant money.

Treasury Secretary Scott Bessent stated that the U.S. is cracking down on financial systems accused of evading international sanctions. The move signals continued regulatory pressure on digital asset infrastructure used for sanctionable activities.