President Trump is expected to tout a crackdown on overseas crypto scams targeting Americans at a White House cybercrime event on Wednesday, Oct 21, 2026, per a White House official cited by Reuters and mirrored by WatcherGuru.

The focus is foreign criminal networks luring Americans into fraudulent crypto investments, plus seizures of fake crypto investment sites and anti-impersonation efforts, as summarized by BitcoinNewsCom and FactCheckero1.

Expected attendees include FBI Director Kash Patel, AG Todd Blanche, DHS Secretary Markwayne Mullin and Defense Secretary Pete Hegseth, with Wiles, Miller and National Cyber Director Cairncross also expected per Business Recorder reprint of Reuters.

Context cited: Americans filed over 1 million FBI internet scam complaints last year, up 17%, with reported losses of $20.9B including $11.4B in crypto fraud per BitcoinNewsCom.

The $938,000,000 frozen figure comes only from crypto X posts like pete_rizzo_, not from the Reuters excerpts available so far, so treat it as claimed not verified.

Reuters also notes Trump family crypto ties and prior moves like the March order to prioritize online scammer prosecutions and the Oct 2025 Zhao pardon, per the same reprint.

No official White House fact sheet with new enforcement powers has surfaced yet in these sources, so this reads as highlighting existing efforts rather than a confirmed new rule.