Topic: #crypto-enforcement
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Treasury Secretary Bessent: U.S. Seized $1B Crypto From Iran
Treasury Secretary Scott Bessent disclosed that the U.S. government has seized approximately $1 billion in cryptocurrency from entities linked to Iran, stating the government "outright grabbed" wallets in a sweeping crackdown.
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US-Iran tensions escalate as tanker boarding strains ceasefire talks
US Marines boarded an Iranian tanker in the Gulf of Oman on May 20, prompting Iran to demand $12 billion in frozen assets and threatening negotiations. The seizure marks the latest flashpoint in a fragile ceasefire and highlights crypto's role in sanctions enforcement.