Live Update
From the Liveblog of
Friday, May 29, 2026
US says it has seized $1 billion in crypto assets from Iran

Illustrative: The symbols of bitcoin and the stablecoin Tether (USDT) are displayed at a cryptocurrency store in Hong Kong on July 29, 2025. (Peter PARKS / AFP)
WASHINGTON — US Treasury Secretary Scott Bessent says the US has seized $1 billion in Iranian cryptocurrency assets as part of the economic component of President Donald Trump’s war on the Islamic Republic.
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