Besent: Plans to seize around $1 billion in crypto assets this week, and comprehensively escalate isolation operations against Iran.
2026.10.09 19:57:52
According to U.S. media reports, U.S. Treasury Secretary Scott Bessent said the Trump administration is escalating its "maximum pressure" campaign against Iran to an "absolute isolation" operation. Beyond financial sanctions, the U.S. will further restrict Iran’s access to international markets, transportation networks, and financial resources via measures including maritime blockades, aviation restrictions, and cutting off land routes. Bessent revealed in an interview at the Newsmax NPolicy Summit in Washington on Thursday that the U.S. government "may seize approximately $1 billion worth of crypto assets this week," noting authorities have located the assets and are taking steps to isolate them. He added that the U.S. is cooperating with the United Arab Emirates and Oman, and coordinating with Pakistan and Turkey, to cut off Iran’s land transport routes. The administration’s stated goal is to fully block Iran’s oil exports and restrict international travel by Iranian officials and individuals affiliated with the regime. To date, the report has not disclosed the specific crypto assets involved in the seizure, wallet addresses, implementing agencies, or legal basis for the action, and it remains unclear whether the operation has been formally executed.
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