The U.S. Department of the Treasury will launch a new cybersecurity initiative for eligible companies operating in the digital asset industry, including cryptocurrency firms and related service providers. The move comes days after the FBI reported over $11 billion in losses to US consumers and businesses tied to crypto theft and scams in 2025.
The agency said the effort will provide timely, actionable cybersecurity information to eligible U.S. digital asset firms and industry organizations, helping them better identify, prevent, and respond to cyber threats targeting their customers and networks.
Under the initiative, eligible digital asset firms and industry organizations that meet Treasury’s criteria will be able to receive, at no cost, the same actionable cybersecurity information Treasury regularly shares with traditional U.S. financial institutions.
Treasury Expands Cyber Threat Sharing to Crypto Firms
“Digital asset firms are an increasingly important part of the U.S. financial sector, and their resilience is critical to the health of the broader system,” said Luke Pettit, assistant secretary for financial institutions.
The department said the move advances a key recommendation from the President’s Working Group on Digital Asset Markets report (PDF). Treasury also said the initiative reflects the principles of the GENIUS Act and comes as digital assets become more integrated into the financial system.
“Cyber threats targeting digital asset platforms are growing in frequency and sophistication,” said Cory Wilson, deputy assistant secretary for cybersecurity. “This initiative expands access to actionable threat information that helps firms strengthen defenses, reduce risk, and respond more effectively to incidents.”
The number of attacks targeting digital assets is on the rise.
Researchers at TRM Labs said earlier this month attackers stole about $285 million from Drift Protocol, a decentralized crypto trading platform on Solana, a blockchain network. The FBI publicly said the roughly $1.5 billion Bybit hack in February 2025 is tied to APT TraderTraitor. In 2023, the FBI said North Korean threat actors were behind major crypto thefts involving Atomic Wallet, CoinsPaid, and Alphapo. Treasury said the initiative was announced by its Office of Cybersecurity and Critical Infrastructure Protection, or OCCIP. Why Now: Rising Attacks on Digital Asset Platforms
Earlier this week, the FBI released its Internet Crime Complaint Center report, which recorded 181,565 cryptocurrency-related complaints representing $11.366 billion in losses, up 22% from 2024.
“By extending access to the same high-quality cybersecurity information used by traditional financial institutions, Treasury is helping promote a more secure and responsible digital asset ecosystem,” said Pettit.
Crypto-focused outlets immediately treated the news as a meaningful sign of Washington drawing digital asset firms further into the mainstream financial-security perimeter. Security and anti-fraud firm AnChain.AI said the move emphasizes that cyber intelligence is becoming “the backbone of crypto.”
Threat sharing can shorten the time between government detection and private-sector action. For example, if a digital asset firm gets earlier indicators of compromise, wallet addresses, laundering patterns, phishing infrastructure, or tradecraft tied to groups like TraderTraitor, they may be able to block, investigate, or contain attacks faster.
A Growing Market and Growing Economic Risks
Treasury’s move signals that digital asset markets, while still relatively small, are now growing and intertwined enough with the U.S. financial system to be pulled into the same cyber-threat-sharing loop.
By comparison, U.S. commercial banks held $25.2 trillion in assets, according to the Federal Reserve Bank of St. Louis. Stablecoins issued by U.S.-based firms, including USD Coin, PayPal USD, Ripple USD and Pax Dollar account for roughly $84.1 billion in market value, or 0.33% of the U.S. banking system by assets. While a small share, Citi Institute projects (PDF) the global stablecoin market – a broader category that includes non-U.S. issuers – could reach $1.9 trillion by 2030.
Shaun Nichols is an IT news journalist. He has spent nearly 20 years covering the industry with a specialty in the cybersecurity
Photo by Connor Gan on Unsplash
