Trump Signs New Cybercrime Order as Crypto Theft Tops $11B

The memorandum places the Homeland Security Task Force's National Coordination Center at the center of the initiative. Participating companies can share threat intelligence, identify networks and propose operations based on specific threats.

The administration's March executive order had already called for an operational cell within the National Coordination Center. The new memorandum expands that by allowing vetted companies to support cyber surveillance and effects operations under government direction. Reuters reported that participating firms must meet oversight requirements, including a $1 million bond or escrow.

For the crypto industry, stronger enforcement could reinforce legitimate adoption. The administration said targeting theft and fraud without treating digital assets themselves as the problem can improve confidence among users, institutions and investors. Protecting Americans from criminal exploitation supports responsible digital-asset growth, the White House said.

Polymarket bettors on August 13 put the odds of the Clarity Act being signed into law in 2026 at 43%, up from 32% on August 8. That bill would set federal rules for digital-asset classification and exchange registration, partly addressing the regulatory uncertainty the new enforcement powers sidestep.