U.S. Eyes $1B in Iran Crypto – Who Holds the Keys?
Photo: Coindoo
Key Takeaways Bessent described a possible $1 billion seizure, not a completed one. Onchain visibility does not provide access to a wallet ’s private keys. Stablecoin issuers, exchanges and custodians can restrict funds through separate routes. Named addresses, court filings or issuer actions would show how the case is advancing. Bessent gave a figure without naming the route Speaking at Newsmax’s NPolicy Summit in Washington, Treasury Secretary Scott Bessent said the U.S. would “probably” seize $1 billion in crypto tied to Iran this week. He added that authorities knew where the assets were and were working to isolate them.
Source: Coindoo
