Michael Terpin, founder of BitWit and a prominent crypto commentator, highlighted key limitations in the Trump administration's proposed "privateering" framework targeting cybercriminals. Speaking on social media under the handle @giancarloMKTS, Terpin noted that the controls written into the initiative explicitly restrict its scope: "They actually can't go after state actors. They can only go after black-hatted private actors." The distinction underscores that the policy targets independent hackers and criminal groups operating outside government sponsorship, rather than state-backed cyber operations. The framework has drawn attention from the crypto community as a potential tool to combat ransomware and theft involving digital assets.