Trump targets overseas crypto scams as Americans lose billions

U.S. President Donald Trump plans to use a White House cybercrime summit to highlight his administration’s takedowns of scamming crypto investment sites, which are targeting millions of Americans who have suffered record fraud losses in 2022. Who will be in the room and what they will showcase According to a White House official quoted by Reuters, President Donald Trump and some cabinet secretaries will reveal how the government has disrupted foreign scams and prevented Americans from using fraudulent cryptocurrency platforms. Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, Defense Secretary Pete Hegseth, and Attorney General Todd Blanche are among those who will take part in the meeting. The crypto section is part of a larger gathering dedicated to cybercrime prevention.

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