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Trump Targets Foreign Scam Networks as Crypto Losses Soar Donald Trump (@realDonaldTrump) has unveiled a new program targeting foreign cybercrime networks behind scams affecting Americans. The National Security Presidential Memorandum titled “Expanding Capabilities to Combat Transnational Cyber-Enabled Crime,” covers ransomware, phishing, financial fraud, sextortion, and impersonation schemes. Vetted U.S. companies could participate in approved cyber surveillance and cyber operations. Patrick Witt called the move a major step against scammers exploiting crypto. The FBI recorded $11.37 billion in reported cryptocurrency-related losses in 2025.
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