Trump expected to announce crackdown on crypto scams targeting Americans

President Donald Trump is expected to announce a crackdown on crypto scams aimed at Americans. Crypto-related complaints accounted for $11.37 billion in losses reported to the FBI in 2025. What the administration has done so far On March 6, 2026, Trump signed an Executive Order targeting cybercrime and fraud. The order directed federal prosecutors to go after offenders and pushed agencies to coordinate more closely. On August 12, 2026, a National Security Presidential Memorandum was issued. It allows vetted US companies to conduct disruption operations against foreign transnational criminal organizations, or TCOs, tied to these scams. Patrick Witt, an executive director under the President’s Council of Advisors for Digital Assets, framed the August memorandum as an important step in the broader fight against crypto fraud. He positioned it as part of a push to protect American citizens from these schemes. The scale of the problem In 2025, IC3 recorded a total of $20.877 billion in internet crime losses. Crypto-related complaints made up $11.37 billion of that figure. Investment fraud was the biggest single culprit, accounting for $7.2 billion of the crypto-related total. In November...