President Donald Trump is set to present federal efforts targeting overseas crypto fraud networks at the White House on October 21, 2026. The event will include Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, Defense Secretary Pete Hegseth, and Attorney General Todd Blanche, and will focus on online impersonation scams. FBI data show that internet scam complaints exceeded one million in 2025, up 17% from the previous year, while Americans reported more than $11 billion in losses tied to crypto-related fraud. Investment scams accounted for $7.2 billion of those losses as federal authorities intensified their crackdown on criminal networks based in Southeast Asia.
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