Bessant: The US has seized approximately $1 billion worth of Iranian cryptocurrency.

CoinFeed reported on May 30th that, according to The Block, the United States has seized approximately $1 billion in cryptocurrency assets from Iran, almost double the government's previous estimate. U.S. Treasury Secretary Scott Bessant stated on Friday at the 2026 Reagan National Economic Forum that the U.S. believes Iran is stealing approximately $400 million to $500 million per month by circumventing sanctions. "I believe we have seized approximately $1 billion of their cryptocurrency," he said. "We directly seized their wallets. Some of them may be entering information right now without realizing their wallets have been seized." On April 29th, Bessant stated that the U.S. had seized "nearly $500 million" of Iranian cryptocurrency assets.