President Trump to highlight federal crypto scam crackdown as FBI complaints surge 17%

President Donald Trump has prepared to highlight his administration’s crackdown on overseas cryptocurrency scams, with federal agencies targeting fraudulent investment websites and criminal networks accused of stealing billions from Americans. Summary President Donald Trump is expected to highlight federal action against overseas crypto investment scams at an October 21 White House event. The administration plans to discuss seized fraudulent investment websites and efforts to stop online impersonation. FBI data shows Americans reported more than $11 billion in cryptocurrency-related losses during 2025. A March executive order directed federal agencies to pursue foreign scam networks, coordinate investigations and consider victim compensation. Justice Department investigators have already pursued cryptocurrency seizures and cross-border fraud operations. According to a White House official who spoke to Reuters on October 21, Trump and senior cabinet officials are expected to discuss efforts to disrupt foreign fraud operations during a cybersecurity event in Washington. Trump administration targets overseas crypto scams The planned event will focus on criminal organizations that pers...