U.S. plans seizure of $1B in Iran-linked crypto assets

The U.S. said it plans to seize about $1 billion in Iran-linked cryptocurrency assets as part of a broader effort to increase economic pressure on Iran. The move is part of “Operation Economic Fury,” aimed at Iran’s financial networks and overseas assets to cut off funding channels. The U.S. and Iran are also holding indirect talks through Qatar and Pakistan to end a conflict that has continued for seven months, but no formal agreement has been reached. Specific assets targeted for seizure and the enforcement timeline were not disclosed.