President Donald Trump held a White House roundtable on cybercrime, focusing on various fraud schemes. During the event, the administration reported that federal officials froze $1 billion in cybercurrency linked to foreign scammers in 2025. Additionally, authorities prevented $1.6 billion in losses from cybercrime following a March executive order.
Trump stated that countless Americans lost over $20 billion to cybercrime in 2025, including ransomware and impersonation attacks. Despite prior expectations of a focus on digital assets, participants used terms like cybercurrency and digital extortion rather than cryptocurrency. The FBI reported that Americans lost $11 billion in 2025 specifically through digital asset scams.
The administration faces scrutiny regarding personal ties to crypto ventures. Reports indicate Trump earned $1.4 billion from such projects in 2025, while his alleged schemes cost investors $4.7 billion. His family company, World Liberty Financial, is currently under investigation for its stablecoin usage in a $2 billion investment deal involving Binance.
Controversy persists over the memecoin project Official Trump, which is scheduled to host a dinner for tokenholders on November 22. Lawmakers have raised concerns about pay-to-play schemes involving access to the presidency. Meanwhile, Italian authorities recently arrested 30 individuals for laundering millions of dollars through crypto networks linked to organized crime.
