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9 Oct 2026, 12:59

Scott Basset, the U.S. Treasury Secretary, announced that Washington is likely to seize around one billion dollars in cryptocurrency assets linked to the Islamic Republic by the end of the week.

Basset stated that the Trump administration has transformed the "maximum pressure" campaign against the Islamic Republic into a "complete isolation" campaign. According to him, this policy includes not only financial restrictions but also covers maritime, aerial, and land routes connecting Iran to the outside world.

The U.S. Treasury Secretary mentioned that the United Arab Emirates and Oman are cooperating with Washington in implementing this policy, and the U.S. government is consulting with Pakistan and Turkey to close land routes for entry and exit from Iran.
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Scott Basset criticized the foreign trips of Islamic Republic officials, stating that members of the Revolutionary Guard can no longer travel abroad to see "their plastic surgeon in London, their mistresses in Paris, and their money in Geneva."
Basset continued, "If they love the Islamic Republic, now they are stuck right there and can enjoy it."
The U.S. Treasury Secretary said that the Trump administration's policy to isolate the Islamic Republic goes beyond financial sanctions, and limiting government officials' travel abroad is also part of this program.
He also referenced a recent New York Times report, stating that U.S. actions have caused concern and turmoil among members of the Revolutionary Guard.
Basset added that the actions Washington has taken against the Islamic Republic have no precedent.
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