Key Takeaways
- • Trump hosted a White House cybercrime roundtable on Wednesday without explicitly using the terms "cryptocurrency" or "digital assets," despite pre-event reports that a crackdown on foreign crypto scams would be the focus.
- • Trump said "countless" Americans lost more than $20 billion to cybercrime in 2025 and that federal officials froze $1 billion in "cybercurrency tied to foreign scammers," preventing $1.6 billion in losses from reaching criminals following a March executive order.
- • The FBI reported Americans lost $11 billion in 2025 from digital-asset-related scams, including through crypto ATMs.
- • Public Citizen estimates Trump's crypto ventures netted him $1.4 billion in 2025, while his alleged "schemes" cost investors about $4.7 billion.
- • Trump's memecoin project, Official Trump (TRUMP), will host a tokenholder dinner on Nov. 22, drawing renewed "pay-to-play" accusations from lawmakers and interest groups.
Summary
US President Donald Trump hosted a White House roundtable on cybercrime on Wednesday, even as he and members of his administration face scrutiny from lawmakers and voters over allegations that they used their positions to enrich themselves through digital assets. According to the primary report from TradingView, which republished Cointelegraph coverage, neither Trump nor Attorney General Todd Blanche explicitly used the terms "cryptocurrency" or "digital assets" when describing the scams affecting Americans, although reports before the event had signaled that a crackdown on foreign crypto scams would be its focus. Homeland Security Secretary Markwayne Mullin referred only to "digital extortion." Trump did use the word "cybercurrency," which the article describes as a dated term for cryptocurrency.
Trump said "countless" Americans lost more than $20 billion to cybercrime in 2025 through impersonation schemes, ransomware, scam centers and other methods. He stated that federal officials had frozen $1 billion in "cybercurrency tied to foreign scammers" and prevented $1.6 billion in 2025 losses from reaching criminals following a March executive order. The Federal Bureau of Investigation separately reported that Americans lost $11 billion in 2025 from scams specifically related to digital assets, including through crypto ATMs. Cointelegraph reached out to the White House for comment but had not received an immediate response.
The article also details the Trump family's crypto interests. Per a Public Citizen report, Trump's crypto ventures netted him $1.4 billion in 2025, while his alleged "schemes" cost investors about $4.7 billion. His family's firm World Liberty Financial faces scrutiny over its USD1 stablecoin being used to settle a $2 billion investment in Binance by an entity tied to Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates. Trump's memecoin project, Official Trump (TRUMP), is hosting another dinner for tokenholders on Nov. 22. Similar events organized by the memecoin team have prompted accusations from lawmakers and advocacy groups that Trump is selling access to the presidency through "pay-to-play" arrangements.
The roundtable also followed reports, cited by Bloomberg, that Italian authorities arrested 30 people for using crypto to launder millions of dollars through a bank allegedly tied to the mafia. Investigators said the criminal network moved proceeds from corporate fraud, crypto investment scams and drug trafficking into digital wallets.
Trump said "countless" Americans lost more than $20 billion to cybercrime in 2025 through impersonation schemes, ransomware, scam centers and other methods. He stated that federal officials had frozen $1 billion in "cybercurrency tied to foreign scammers" and prevented $1.6 billion in 2025 losses from reaching criminals following a March executive order. The Federal Bureau of Investigation separately reported that Americans lost $11 billion in 2025 from scams specifically related to digital assets, including through crypto ATMs. Cointelegraph reached out to the White House for comment but had not received an immediate response.
The article also details the Trump family's crypto interests. Per a Public Citizen report, Trump's crypto ventures netted him $1.4 billion in 2025, while his alleged "schemes" cost investors about $4.7 billion. His family's firm World Liberty Financial faces scrutiny over its USD1 stablecoin being used to settle a $2 billion investment in Binance by an entity tied to Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates. Trump's memecoin project, Official Trump (TRUMP), is hosting another dinner for tokenholders on Nov. 22. Similar events organized by the memecoin team have prompted accusations from lawmakers and advocacy groups that Trump is selling access to the presidency through "pay-to-play" arrangements.
The roundtable also followed reports, cited by Bloomberg, that Italian authorities arrested 30 people for using crypto to launder millions of dollars through a bank allegedly tied to the mafia. Investigators said the criminal network moved proceeds from corporate fraud, crypto investment scams and drug trafficking into digital wallets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.