Trump cites over $20B in cybercrime losses at the White House cybercrime roundtable

President Donald Trump cited more than $20 billion in Americans’ cybercrime losses in 2025 at the White House cybercrime roundtable on October 21, 2026—but never used the word “crypto.” He instead described frozen funds as “cybercurrency,” while senior officials also avoided the terms “cryptocurrency” and “digital assets.” Key takeaways Trump said federal officials froze $1 billion linked to foreign scammers. The FBI put Americans’ digital asset scam losses at $11 billion in 2025. Trump’s family crypto businesses face scrutiny over earnings, investor losses and transactions. The White House cybercrime roundtable’s language choices Trump and Attorney General Todd Blanche discussed scams without explicitly saying “cryptocurrency” or “digital assets.” Homeland Security Secretary Markwayne Mullin used the phrase “digital extortion.” Secretary of Defense Pete Hegseth also attended.

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