Former U.S. President Donald Trump has signed a memorandum that would allow private American companies to carry out "countermeasures" against foreign criminals responsible for cyberattacks. The measure does not give companies a free hand, according to crypto lawyers cited in the report. Firms that take part would be treated as "government agents" and would have to post a $1 million bond, exposing them to legal and financial liability rather than granting unrestricted authority. The policy is aimed at giving companies room to use active defense against cybercrime targeting U.S. critical infrastructure, financial institutions, and businesses, including ransomware attacks involving cryptocurrency. Legal experts also said companies would need approval from the Department of Justice before acting and would have to follow strict rules to avoid legal consequences.
Former U.S. President Donald Trump has signed a memorandum allowing private American companies to launch "countermeasures" against foreign criminals behind cyberattacks.
Under the memorandum, companies that join such operations would be treated as "government agents" and required to post a $1 million bond. Crypto lawyers said the move should not be read as giving companies complete freedom of action. Participants would still carry legal and financial responsibility.
Policy targets cybercrime against U.S. infrastructure and finance
The policy is designed to authorize companies to take active defense measures against cybercrime aimed at U.S. critical infrastructure, financial institutions, and businesses. That includes ransomware attacks involving cryptocurrency.
Legal experts said companies would need approval from the Department of Justice before taking action and would have to comply with strict rules to avoid potential legal consequences.
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