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Trump to Highlight Fight Against Overseas Crypto Scams at White House Event; U.S. Crypto Fraud Losses Reached $11.3 Billion in 2025
President Donald Trump will highlight his administration's actions to combat foreign criminal networks that lure Americans into fraudulent crypto investments at a White House event on Wednesday. White House officials stated that Trump and cabinet members will point to the government's seizure of fraudulent crypto investment websites and its crackdown on online impersonation scams. FBI data shows that in 2025, the U.S. received over a million internet scam complaints, with crypto fraud losses reaching $11.3 billion, and investment scams accounting for $7.2 billion. Chainalysis data indicates that in 2025, illicit crypto addresses received at least $154 billion, a 162% year-over-year increase.
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