White House · Donald Trump · DOJ · U.S. · Decrypt
President Donald Trump signed a memorandum on Tuesday directing the federal government to enlist vetted U.S. companies
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"This memorandum expands the fight against TCO-perpetrated cybercrime by incorporating the ingenuity of the private sector," the White House wrote in the order's purpose section, referring to transnational criminal organizations.
Key facts
- Crypto scams alone cost Americans an estimated $80.7 billion in 2025
- Here's A company applies, clears a vetting process, and posts a bond or escrow of at least $1 million, forfeited if it breaks the rules
- North Korean hackers now have more sophisticated and complex ways to launder stolen crypto, and the government has already seized more than $25 million in crypto tied to investment and romance scams
- By partnering with vetted United States companies subject to the direction and oversight of the Federal Government, they will enhance their ability to counter TCO threats and combat transnational cybercrime, fraud, and other predatory schemes against American citizens
Summary
Trump signed a National Security Presidential Memorandum on Aug. 12 creating a program for private firms to disrupt foreign cybercriminal networks. Participating companies operate under DOJ and DHS direction, post a bond of at least $1 million, and face annual review. Americans reported more than $20.8 billion in losses to cyber-enabled crime in 2025, the White House said. President Donald Trump signed a memorandum on Tuesday directing the federal government to enlist vetted U.S. companies in offensive cyber operations against foreign criminal networks.