Rise

would

<p><a href="https://buy.magacoinfinance.com/coindoob" rel="noopener noreferrer nofollow"><img loading="lazy" alt="" width="1452" height="181"></a></p>
<p>Representative David Schweikert has <strong><a href="https://www.congress.gov/bill/119th-congress/house-bill/4988/all-info" rel="noopener noreferrer nofollow">filed</a></strong> House Resolution 4988, a measure that revives the centuries-old practice of “letters of marque and reprisal.” Once used in the age of naval warfare to authorize privateers to capture enemy ships, the concept would be reimagined for the digital era, targeting hackers and cybercriminal groups stealing billions in crypto.</p>
<p>Under the plan, approved private individuals or companies could be tasked with recovering stolen assets or disrupting the operations of hostile foreign networks. They would be authorized to use “all means reasonably necessary” in pursuit of U.S. interests, though strict accountability requirements, including security bonds, would accompany any letter issued.</p>
<h3 id="a-new-digital-battlefield">A New Digital Battlefield</h3>
<p>Schweikert argues that traditional enforcement methods are no longer enough to counter the wave of sophisticated crypto hacks. “Americans deserve protection from digital predators who exploit outdated laws and hide in foreign jurisdictions,” he said, emphasizing that the legislation is designed to restore accountability on a “digital battlefield.”</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5> <a href="https://coindoo.com/why-october-may-be-the-most-crucial-month-ever-for-xrp/" rel="noopener noreferrer nofollow">
  <div class="contentRight col-4">
   <span> <img src="https://coindoo.com/wp-content/uploads/2025/06/xrp-coin-token.jpg"> </span>
  </div>
  <div class="contentLeft col-8">
   <h4 class="title mb-0">Why October May Be the Most Crucial Month Ever for XRP</h4>
  </div> </a>
</div>
<p>The bill is now in the hands of the House Committee on Foreign Affairs. If it clears Congress and is signed into law, it would mark the first time in modern history that private actors could be formally deployed by the U.S. government to combat cybercrime abroad.</p>
<h3 id="context-hacks-on-the-rise">Context: Hacks on the Rise</h3>
<p>The proposal comes as frustration mounts over record-breaking thefts in 2025. North Korea’s Lazarus Group alone has been linked to a $1.5 billion exploit against Bybit in February, alongside major breaches involving India’s CoinDCX and other global platforms. Despite international cooperation, law enforcement has rarely been able to recover funds or prosecute the masterminds.</p>
<p>By introducing H.R. 4988, Schweikert hopes to bridge that gap, effectively mobilizing private expertise against state-sponsored hackers and decentralized criminal networks.</p>
<p>If passed, the legislation could redefine how the U.S. responds to crypto-related crime—transforming enforcement from reactive investigations into proactive missions to track down and reclaim stolen digital assets.</p>
<p style="text-align: center;"><em><span style="text-decoration: underline;"><strong>The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or <a rel="noopener noreferrer nofollow">cryptocurrency</a>. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.</strong></span></em></p>
<p>The post <a href="https://coindoo.com/new-u-s-law-could-let-citizens-hunt-down-crypto-criminals-overseas/" rel="noopener noreferrer nofollow">New U.S. Law Could Let Citizens Hunt Down Crypto Criminals Overseas</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

New U.S. Law Could Let Citizens Hunt Down Crypto Criminals Overseas

Table of Contents

Coindoo.com

Other articles published on Aug 21, 2025

Join our free newsletter for daily crypto updates!