Washington DC, May 30 -- US Treasury Secretary Scott Bessent on Friday (local time) said that the United States has seized roughly USD 1 billion in Iranian cryptocurrency assets as part of Washington's economic pressure campaign against Tehran.

Speaking on Fox Business' "Kudlow" during the Reagan National Economic Forum, Bessent emphasised the administration's sanctions and asset seizure efforts under "Operation Economic Fury" as having pushed Iran into a severe financial crisis.

"We have seized about a billion dollars of their crypto. Just outright grabbed the wallets," Bessent said.

Bessent argued that the combination of recent military actions and economic measures had significantly weakened Iran's financial position.

"I think betw...