Trump administration plans to crack down on overseas crypto scams
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A report dated October 22, 2026, said that Trump plans to use the White House cybercrime summit to showcase the administration’s efforts to crack down on overseas cryptocurrency scam platforms and prevent Americans from using fraudulent platforms. FBI data showed that it received 181,565 complaints related to cryptocurrency in 2025, resulting in losses of $11.366 billion, including $7.2 billion in investment scam losses. Meanwhile, a Reuters investigation said that Trump’s and his son’s crypto businesses brought $2.3 billion to the family’s assets. Democratic members of Congress consequently questioned whether he was using the presidency for personal gain, which the White House denied.
AI-written from reports · updated 27 minutes ago
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- CryptopolitanTrump plans to focus on overseas crypto scams at White House cybercrime summit
Trump plans to use the White House cybercrime summit to showcase the administration’s efforts to crack down on overseas crypto scam platforms and prevent Americans from using fraudulent platforms. FBI data shows there were 181,565 crypto-related complaints in 2025, with losses of $11.366 billion, including $7.2 billion in investment scam losses. Meanwhile, a Reuters investigation said the crypto businesses of Trump and his sons brought $2.3 billion to the family’s assets. Democratic lawmakers questioned whether Trump was using the presidency for personal gain, which the White House denied.
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