Trump to Return Iran’s Frozen Money to Protect the Dollar

BeInCrypto2026/06/17 20:51

By:BeInCrypto

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President Donald Trump said the United States will hand back Irans frozen money rather than seize it, warning that keeping the funds would destroy global confidence in the U.S. dollar. His comments at the G7 summit touched a nerve central to crypto, where the threat of asset seizure is a core argument for holding neutral, borderless reserves like Bitcoin. Returning the Frozen Money Trump made the remarks at a G7 conference in France, responding to a question about whether Washington would unfreeze Iranian assets. He drew a sharp line between paying Iran and releasing money the U.S. had frozen. It is not our money. It is their money. And we froze it at a certain point in time. Trump said he had personally weighed keeping the funds before deciding against it. A recent report indicated that the US had reached $1 billion in cumulative seizure of Iranian crypto assets as of late May. *BESSENT: HAVE SEIZED ABOUT $1 BLN OF IRANIAN CRYPTO HOLDINGS*BESSENT: WE THINK IRAN WAS STEALING $400M $500M A MONTH A Warning About Dollar Confidence Trump argued that holding seized money would damage the dollars standing and its dominance as the worlds reserve asset. If we did not get back, no one would ever invest in the dollar again. He linked the decision to the currencys strength under his administration. The dollar has become very strong under me. Trump also stressed the U.S. is not financing Iran directly, contrasting the deal with past cash transfers. We are not putting up money. Only if they are doing things right. Why Crypto is Watching The seizure question sits at the center of Bitcoins appeal. Each time Washington weaponizes the dollar, it strengthens the case for a neutral store of value beyond any governments reach. That logic drives the debasement trade, where investors treat Bitcoin as a hedge against fiat risk and money printing. Trump himself has floated a strategic reserve to strengthen the countrys position.

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MT newswire•2026/10/06 13:12

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