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The original was posted on /r/cryptocurrency by /u/NckyDC on 2026-05-29 20:11:55+00:00.


Treasury Secretary Scott Bessent said at a Reagan Economic Forum event that the United States has seized $1 billion of Iranian cryptocurrency money as part of its effort to squeeze Iran’s economy. “Just outright grabbed the wallets,” Bessent said, referring to the accounts where digital currency is stored. “Some of them may be typing in right now and might not realize their wallet had been grabbed.”

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