Policy Trump to throw spotlight on overseas crypto abuses at White House event The president is hosting a cybercrime event that will highlight U.S. authorities’ efforts to crack down on crypto scams run by foreign criminal organizations. By Jesse Hamilton | Edited by Stephen Alpher Oct 21, 2026, 12:23 p.m. EDT 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on President Donald Trump intended to discuss U.S. efforts against overseas crypto scammers at a White House event. (Jesse Hamilton/CoinDesk) Summary Show At a White House cybercrime event, President Donald Trump is set to highlight how much his administration has done to pursue overseas crypto criminals. Under his watch, U.S. law enforcement has halted about $833 million in fraudulent crypto transactions, an official said. President Donald Trump planned to put special focus on his administration’s efforts against overseas crypto-fueled criminal operations at a Wednesday event on cybercrime, according to a White House official. Crypto-related scams have stolen tens of billions from U.S. citizens, and Trump was set to highlight how much his administration is targeting and disrupting the transnational organizations behind it. Multinational criminal cartels have set up elaborate scam centers designed to steal money through relationship scams, phishing campaigns, ransomware attacks and other fraudulent means, and the official said that the U.S. strategies to seize funds and shut down the operations will be discussed. The administration says its law enforcement agencies have halted about $833 million in crypto connected to the overseas scams, and 503 fraudulent crypto websites have been seized under the watch of the Homeland Security Task Force. It’s also informed almost 9,000 U.S. citizens that they’re being victimized, the official said. In November, the Department of the Treasury announced it had formed a multi-agency Scam Center Strike Force that pursued so-called “pig butchering” that was coordinated by widespread and well-funded organized-crime operations in places such as Burma, Cambodia, Laos and the Philippines. Since last year, the U.S. issued a number of sanctions to meant to wall off the websites and infrastructure behind such attacks. On the home front, though, Trump’s personal crypto ties may have become a political liability. As the congressional midterm elections approach in a couple of weeks, digital assets have taken up a prominent role in self-dealing accusations levied against the president and his administration. Read More: U.S. Treasury sanctions another widespread cyber-scam hub, Xinbi Guarantee Newsletters State of Crypto Examining the intersection of cryptocurrency and government. Preview Sign up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Donald Trump Fraud Crime Latest Crypto News 1 How a16z-backed DATA is rethinking its blockchain strategy after $30 million Sui deal 1 hour ago 2 Bybit will look for big broker partnerships to take on Robinhood in the U.S. 1 hour ago 3 Crypto Long & Short: Why real-world assets need fixed-rate loans onchain 1 hour ago 4 Why centralized exchanges refuse to list legacy crypto tokens without explicit SEC immunity 4 hours ago 5 Japanese visitors may be able to pay with yen stablecoins in South Korea under Shinhan-SBI pact 4 hours ago 6 Dogecoin wallet, app teams unite in push to give DOGE more everyday uses 4 hours ago 7 Bitcoin risk management grows more popular as the ‘just bet on price’ era fades 5 hours ago 8 OCC’s final rule to start fresh in weighing stablecoin rewards against GENIUS Act ban 5 hours ago 9 Crypto rises with Asian tech stocks, zcash extends gain after setting upgrade date 6 hours ago 10 Live updates: Bitcoin rises to $84,000 as SpaceX leads markets higher 6 hours ago Latest Research Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years. By CoinDesk Research Sep 24, 2026 Commissioned by RealFi Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years. Why it matters : Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years. View Full Report More From Policy Why centralized exchanges refuse to list legacy crypto tokens without explicit SEC immunity OCC’s final rule to start fresh in weighing stablecoin rewards against GENIUS Act ban U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance
Trump to throw spotlight on overseas crypto abuses at White House event
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