US maintains control over Strait of Hormuz amid Iran tensions, says Hegseth

The U.S. Treasury has seized approximately $1 billion in Iranian-linked cryptocurrency assets, Treasury Secretary Scott Bessent announced May 29, 2026, at the Reagan National Economic Forum in Simi Valley, California. Operation Economic Fury: Scott Bessent Says U.S. Seized $1B in Iranian Crypto, Wallets Grabbed Without Warning Bessent made the disclosure during a live interview with […]

SoFi's stablecoin launch could revolutionize consumer banking by integrating blockchain technology, enhancing transaction speed, and security. The post SoFi becomes first US national bank to launch a stablecoin in a consumer app appeared first on Crypto Briefing.

Geopolitical tensions in the Strait of Hormuz may lead to sustained higher oil prices, impacting global energy markets and economic stability. The post Strait of Hormuz oil exports unlikely to return to prewar levels amid tensions appeared first on Crypto Briefing.

Persistent inflation challenges the Fed's policy, potentially delaying rate cuts and impacting economic stability amid geopolitical tensions. The post US inflation, Fed no longer sees pressures as transitory appeared first on Crypto Briefing.

Rising tensions in the Strait of Hormuz could destabilize global oil markets, undermining diplomatic efforts and impacting global economies. The post Iran’s army downs Israeli Orbiter drone over southern Iran amid ceasefire talks appeared first on Crypto Briefing.

Some Iranian crypto wallet owners may not even know yet that their money is gone. Treasury Secretary Scott Bessent disclosed Friday that the US has quietly seized roughly $1 billion in digital assets tied to Iran, a figure that has nearly tripled from earlier estimates released just weeks ago. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Operation Economic Fury The seizures are part of a campaign called Operation Economic Fury, launched in March 2025, which has gone after Iranian assets on multiple fronts — freezing bank accounts, confiscating properties with European allies, and targeting cryptocurrency holdings. Bessent spoke about the effort at the Reagan National Economic Forum, describing the operation as part of a broader effort to cut off Iran financially. The $1 billion disclosure is roughly double the $500 million the Treasury Department announced in late April, and far above the $344 million figure that was made public earlier that same mo

The US's firm stance on the Strait of Hormuz may prolong geopolitical tensions, impacting global oil trade and diplomatic relations. The post US maintains hardline stance on Strait of Hormuz amid Iran tensions appeared first on Crypto Briefing.

Iran's legal control over the Strait of Hormuz could escalate geopolitical tensions, impact global oil prices, and boost crypto's role in trade. The post Iranian parliament set to approve bill asserting sovereignty over Strait of Hormuz appeared first on Crypto Briefing.