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US prosecutors are seeking to confiscate $61 million in crypto allegedly tied to an Iranian oil scheme. They claim two Chinese companies used Binance accounts to launder proceeds benefiting Iran’s government and military.
A CLARITY victory could attract Bitcoin buyers, but CryptoSlate says oil prices and real yields may determine whether any recovery lasts, potentially leaving BTC constrained around $76,000.
The U.S. DOJ is seeking to forfeit $61 million in cryptocurrency it says came from Iranian black-market oil sales and was laundered through Binance accounts, Bitcoin Magazine reported.
USDT was reportedly involved in a failed oil trade that cost a Polish energy giant $230 million in late 2023, according to the Financial Times. The transaction links stablecoin use with a major commodity-market deal.
Bitcoin fell back to $77,800 from $79,000 as the Senate prepared to vote on the Clarity Act. CoinDesk also noted rising oil prices, with Brent and WTI among the related market assets.
