Topic: #treasury
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U.S. seizes $1 billion in Iranian cryptocurrency under Operation Economic Fury
The United States seized approximately $1 billion in cryptocurrency tied to Iran as part of Operation Economic Fury, a Treasury-led campaign to restrict Tehran's access to overseas revenue, banking networks, and digital assets. Treasury Secretary Scott Bessent said the action is contributing to worsening economic conditions in Iran, including military payment failures and inflation exceeding 200 percent.