Trump to Highlight Foreign Crypto Scam Crackdown

President Trump will highlight administration efforts to seize fraudulent crypto websites and stop online scams during a White House cyber crime event. Officials will outline actions against foreign criminal networks targeting Americans with digital investment fraud.

US President Donald Trump speaks about foreign fraudulent cryptocurrency investment schemes and his administration's efforts to prevent them during a round table with Defense Secretary Pete Hegseth and Attorney General Todd Blanche at the White House in Washington, DC, US, October 21, 2026. REUTERS/Kevin Lamarque

President Donald Trump will highlight his administration's crackdown on overseas criminal networks targeting the United States with crypto scams during an afternoon event. The initiative follows a 17% surge in internet scam complaints filed with the FBI last year. The crackdown contrasts with scrutiny over the Trump family's own crypto ventures, which have drawn $2.3 billion in investor losses.

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