U.S. Treasury Secretary: Approximately $1 Billion in Iranian Cryptocurrency Seized U.S. Treasury Secretary Scott Bessent @SecScottBessent stated in a Fox Business interview on May 30 that approximately $1 billion worth of Iranian-related cryptocurrency assets have been seized, calling it a case of 'direct confiscation and forced wallet takeover.' He joked that some people might still be typing away on their keyboards, completely unaware that their crypto wallets have already been seized. Bessent remarked that Iran's attacks on Gulf Cooperation Council (GCC)-related infrastructure were a major strategic mistake, as it has made it easier for the U.S. to push Gulf allies to open their banking systems for inspection. Source: Fox Business