‘We Know Where It Is’: Treasury Secretary Threatens To Freeze $1B of Iran’s Crypto

U.S. Treasury Secretary Scott Bessent announced that the United States will seize $1 billion of Iran's crypto this week. While the specific assets involved remain unclear, the Treasury Department is executing these digital asset seizures as part of broader US sanctions against Iran. This action follows several previous seizures of digital assets linked to the nation. The Treasury Secretary confirmed the government knows the location of the funds intended for seizure during this current operational window.