The conflict between the United States and Iran continues, and tensions between the two countries are rising.
While uncertainty remains about what will happen next, a new statement has been released by the US Treasury Secretary.
On Fox Business’ Kudlow Program, U.S. Treasury Secretary Scott Bessent said about $500 million worth of crypto assets had been seized from Iran.
Scott Bessent announced that $500 million worth of crypto assets were seized during an economic pressure operation targeting Iran.
Bessent said the seizures are part of President Donald Trump’s “Operation Economic Rage,” which aims to cut off Iran’s financial resources through seizures, bank account freezes and secondary sanctions.
Bessent said that as part of the campaign, the United States is focused on freezing bank accounts around the world and blocking transactions with the Iranian regime.
Bessent added that sanctions also include Iranian officials’ pensions and foreign property.
Scott Bessent concluded by saying that US pressure is spreading throughout Iran’s economy. He added that one of Iran’s major banks collapsed in December last year, causing the Iranian currency’s value to fall by 60-70% against the dollar. He emphasized that “Iran is currently facing a currency crisis.”
*This is not investment advice.
