Donald Trump prepared to promote his administration’s crackdown on fraudulent crypto investment schemes at a White House event, while Reuters separately highlighted his family’s substantial earnings from cryptocurrency ventures.
The administration planned to focus on foreign criminal networks accused of targeting Americans with fraudulent investment opportunities. Reuters also referenced an earlier investigation that estimated at least $2.3 billion in gains for Trump and his sons from their main crypto ventures.
Trump’s anti-scam message meets questions over familmy crypto gains
Trump and members of his administration were expected to discuss efforts to seize websites connected to fraudulent cryptocurrency investments and combat online impersonation schemes.
The initiative came as Americans reported growing losses from internet scams. More than one million complaints reached the FBI last year, marking a 17% increase from 2024. The agency also reported record losses among those who submitted complaints.
Reuters separately examined the Trump family’s involvement in cryptocurrency. Its investigation estimated that Donald Trump and his sons had added at least $2.3 billion to the family fortune through their main crypto ventures.
The same investigation calculated that investors attracted by those ventures had collectively lost $2.3 billion. However, those reported losses did not by themselves establish that Trump or his family caused them through fraud or committed any proven misconduct.
White House spokeswoman Anna Kelly defended the administration when Reuters sought comment about its investigation. “All actions by President Trump and his administration are taken in the best interest of the American people,” she said.
Trump had also directed the Justice Department in March to prioritize identifying and prosecuting online scammers. He later instructed the Department of Homeland Security to work with private companies on efforts targeting foreign criminal hacking groups.
Separately, Trump pardoned Binance founder Changpeng Zhao in October 2025. Zhao had stepped down after Binance pleaded guilty to failing to maintain an effective anti-money laundering program. The supplied source did not connect Zhao’s case to the Trump family’s reported crypto gains.
The White House event therefore placed Trump’s anti-scam agenda alongside renewed scrutiny of his family’s profitable cryptocurrency interests. Reuters reported both the family’s gains and investor losses, but the supplied source did not establish that those financial outcomes amounted to criminal or fraudulent conduct by Trump or his relatives.
