
US Treasury Secretary Scott Bessent has confirmed that the United States has seized about $1 billion in cryptocurrency assets linked to Iran as part of the Trump administration's economic pressure on Tehran.
Bessent's statement came shortly after a meeting between President Donald Trump and top national security officials, where the framework of a possible agreement with Iran that would extend the ceasefire by 60 days was discussed.
According to US sources, the seizure is aimed at targeting Iran's ability to finance activities that Washington considers destabilizing in the region. The move adds to a series of sanctions and financial measures that the Trump administration has taken against the Islamic Republic.
Meanwhile, Iranian media reported earlier today that Tehran is demanding the release of $12 billion in frozen Iranian assets as a precondition for entering further negotiations. It is not yet clear whether the $1 billion in seized cryptocurrencies is included in the list of frozen assets that Tehran is seeking to release.
US officials have not provided further details on the exact origin of these crypto funds or the mechanism of the seizure.
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