According to CoinMeta, President Trump signed a National Security Presidential Memorandum targeting foreign criminal organizations involved in cyberattacks. According to White House official Patrick Whitte, Americans suffered losses of nearly $21 billion due to cybercrime last year, a 26% increase from the previous year. The memorandum grants U.S. federal law enforcement agencies greater authority to use cyber tools to combat transnational criminal organizations and establishes a framework for cooperation with private sector companies that voluntarily participate in government-led initiatives. Facts from the U.S. executive branch indicate that by 2025, American consumers could suffer losses of over $20.8 billion due to cybercrime. The memorandum also addresses issues such as ransomware attacks, phishing, sexual extortion, and impersonation fraud.