This week, approximately $1 billion in crypto assets are set to be seized, according to the U.S. Treasury Secretary, who said efforts to isolate Iran are being escalated

Odaily reports: U.S. Treasury Secretary Scott Bessent stated that the Trump administration is escalating its "maximum pressure" campaign against Iran into an "absolute isolation" effort. In addition to financial sanctions, the campaign will seek to restrict Iran's access to international markets, transportation networks, and financial resources through measures including a maritime blockade, restrictions on air transport, and the severing of overland routes. Bessent said the U.S. government may seize approximately $1 billion worth of crypto assets this week, and that it has already identified the location of the relevant assets and taken containment measures.

Bessent said the United States is cooperating with the UAE and Oman, and coordinating with Pakistan and Turkey, in an attempt to cut off Iran's overland transportation routes, with the goal of blocking Iran's oil exports and restricting international travel by Iranian officials and related individuals. It remains unclear which specific tokens, wallet addresses, enforcement agencies, and legal grounds are involved in this operation, and whether the relevant actions have already been formally implemented is also not yet clear.