US President Donald Trump hosted a roundtable at the White House on cybercrime, even as he and members of his administration face scrutiny from lawmakers and voters over accusations that they used their positions to enrich themselves with digital assets.
Speaking at the roundtable event on Wednesday, Trump said “countless” Americans lost more than $20 billion from cybercrime in 2025 through impersonation schemes, ransomware attacks, scam centers and other methods. The president added that federal officials had frozen $1 billion in “cybercurrency tied to foreign scammers” and prevented $1.6 billion in losses in 2025 from going to criminals engaging in cybercrime following a March executive order.
Secretary of Defense Pete Hegseth (left), President Donald Trump (center) and Attorney General Todd Blanche (right) speaking at the White House on Wednesday. Source: White House
Notably, neither the president nor Attorney General Todd…
