U.S. Treasury Secretary Scott Bessent said the United States has seized about $1 billion in cryptocurrency tied to Iran under Operation Economic Fury, a sanctions-enforcement campaign launched in March 2025 to disrupt Iran’s overseas revenue, banking networks, and crypto infrastructure. He said the effort has also included frozen bank accounts, confiscated properties coordinated with European allies, and digital asset actions, with the latest disclosed total exceeding earlier public figures of $344 million and $500 million reported in April. Separate reporting also cites a $344 million Treasury freeze of related digital assets and says a U.S. Central Command action disabled a vessel attempting to breach an Iranian blockade, underscoring the sanctions and geopolitical risks surrounding crypto and centralized digital asset infrastructure. The report also says Iran explored a proposed Bitcoin-based marine insurance platform called Hormuz Safe that could potentially generate more than $10 billion.