The FBI received reports of $20.877 billion in internet-crime losses during 2025, while complaints involving cryptocurrency accounted for $11.37 billion. Trump’s memorandum directs the creation of a federally supervised program that would let vetted U.S. companies disrupt foreign criminal networks.
Key Takeaways
Vetted U.S. companies could execute federally supervised cyber missions.Crypto-related complaints involved $11.37 billion in reported losses.Officials must establish operating procedures within 60 days.“This action, while not crypto-specific, is a major step toward shutting down the scammers who exploit crypto to prey on Americans.”
Participating firms must sign contracts with either department, satisfy technical and personnel standards, and disclose related commercial agreements. Implementation guidance may also require a bond or escrow of at least $1 million, subject to forfeiture for contractual noncompliance.
Why the Loss Figures Put Crypto in FocusThose totals do not establish that every dollar vanished through an onchain transfer, since IC3 descriptors can span multiple crime or payment categories. They nonetheless place digital assets near the center of federal concern over foreign scam compounds and financially motivated cybercrime.
What Earlier Crackdowns RevealThese precedents differ from the August memorandum, which opens an ongoing channel for private companies to propose and undertake federally approved missions. Earlier cases relied on conventional law enforcement, sanctions and cross-border cooperation; the new program would add contracted corporate operators.
Where Safeguards and Consumer Protection EnterProgram officials now have 60 days from Aug. 12 to establish consensus procedures, including eligibility standards, target-review rules, and safeguards for U.S. persons. No mission may receive approval until those procedures comply with constitutional, statutory, and international obligations.
