US Treasury Secretary Scott Bessent announced that the United States has seized nearly $1 billion in Iranian cryptocurrency assets as part of its economic pressure campaign against Tehran, known as 'Operation Economic Fury.' This operation, which began in March 2025, aims to disrupt Iran's financial networks through sanctions and asset seizures. Bessent highlighted that the seized assets include a significant $344 million freeze of Tether (USDT) on the Tron blockchain. The cumulative seizures reportedly approached $500 million before reaching the current total. The US has collaborated with European partners to target Iranian-linked properties and financial holdings, claiming that these assets represent funds stolen from the Iranian people. Bessent stated that the pressure from military actions and economic sanctions has significantly weakened Iran's leadership, suggesting that while there has been no regime change, the existing leadership structure has been altered, leaving lower-ranking officials to manage the country.