Trump to Announce Crypto Scam Crackdown as FBI Targets Fraud Networks

Donald Trump is expected to announce a federal crackdown on crypto scams on October 21, 2026. However, the FBI received more than one million internet scam reports last year, up 17% from 2024. The plan targets overseas criminal networks running fake investment platforms and crypto impersonation scams. U.S. President Donald Trump is set to announce a federal crackdown on crypto scams as the government steps up efforts to protect American investors from online fraud. The move comes after the FBI received more than one million reports of internet scams last year.