Trump to Highlight Crackdown on Overseas Crypto Scams at White House Event

On Wednesday, President Trump will spotlight his administration’s crackdown on overseas cryptocurrency scams during a White House event focused on combating cybercrime. According to Reuters, citing White House officials, these foreign criminal networks lure U.S. citizens with fraudulent crypto investment schemes. At the event, Trump will join Cabinet members to announce that the government has seized multiple fake crypto investment platforms and is advancing systemic enforcement actions against identity-based online fraud. Attendees include Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, Defense Secretary Pete Hegseth, and Attorney General Todd Blanche. This initiative builds on an executive order Trump signed in March, which explicitly directs the Department of Justice to prioritize identifying and prosecuting cybercriminals; he later issued a memorandum instructing the Department of Homeland Security to collaborate with private-sector partners to enhance monitoring of and response to foreign hacker groups. FBI data