Trump to Highlight Results of Overseas Crypto Scam Crackdown at White House Event
Summary
- President Donald Trump is set to highlight the results of a crackdown on cryptocurrency investment scams targeting Americans at a White House event.
- Reuters reported that Trump plans to outline efforts to seize fraudulent cryptocurrency investment websites at a cybercrime prevention event.
- Trump said an executive order directed the Justice Department to prioritize identifying and prosecuting online fraudsters, while the Department of Homeland Security was tasked with monitoring overseas hacking syndicates.
Forecast Trend Report by Period
President Donald Trump is set to highlight the results of a crackdown on cryptocurrency investment scams targeting Americans at a White House event.
Reuters reported on October 21 that Trump plans to outline efforts to seize fraudulent cryptocurrency investment websites at a cybercrime prevention event later that day at the White House.
The heads of the Department of Homeland Security, the Department of Defense and the Department of Justice are expected to attend, along with the director of the Federal Bureau of Investigation. An FBI report cited by Reuters showed that reports of internet fraud targeting Americans topped 1 million last year, up 17% from 2024.
Trump signed an executive order in March directing the Justice Department to prioritize identifying and prosecuting online fraudsters. He later instructed the Department of Homeland Security to work with private companies to monitor overseas hacking syndicates.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul