Iran Crypto Seizure: US Targets $1B in Assets in October 2026
Photo: TronWeekly
The United States may seize approximately $1 billion in cryptocurrency linked to Iran this week, Treasury Secretary Scott Bessent said, as Washington intensifies its economic campaign against Tehran. The proposed action raises questions about the scale of Iran-related crypto enforcement, the legal mechanisms behind asset seizures and the potential consequences for cryptocurrency platforms handling transactions connected to sanctioned entities. Speaking at Newsmax’s NPolicy Summit in Washington on October 8, Bessent said authorities could seize approximately $1 billion in Iran-linked cryptocurrency within the week.
Source: TronWeekly
