ChainCatcher news, investment bank TD Cowen believes that the situation may change under the leadership of the Trump administration.TD Cowen researchers wrote on Monday that they believe "once Trump appoints a new SEC chairman, cryptocurrency enforcement may be put on hold, regardless of whether Gary Gensler resigns from his position as SEC commissioner; he will appoint a new SEC chairman on January 20."TD Cowen researchers claim that they believe the new chairman will reassess the existing cases initiated by financial regulators against cryptocurrency companies, "and look for ways to more clearly articulate how cryptocurrency companies can comply with existing laws."

ChainCatcher news, according to the Sing Tao Daily, the Criminal Division of the Wong Tai Sin Police District in Hong Kong conducted an enforcement operation codenamed "Joint Fight" from September 19 to 26, successfully dismantling a group that used cryptocurrency for money laundering, arresting 25 individuals involved in 39 fraud cases, with losses exceeding 7 million HKD.The police stated that the 25 arrested individuals (18 men and 7 women, aged 19 to 65) included the mastermind of the group, three key members, and 21 puppet account holders. The police seized more than 20 electronic devices and two cryptocurrency cold wallets.The group had been operating since May 2023, using puppet information to open bank and cryptocurrency exchange accounts, obtaining funds through various types of scams, and converting the money into cryptocurrency via P2P transactions.The 39 fraud cases involved mainly online investment, job-seeking, and fake customer service scams, affecting 39 victims (23 men and 16 women, aged 19 to 72), with the largest single loss amounting to 1.6 million HKD.

ChainCatcher news indicates that a notification submitted by U.S. officials shows plans to handle nearly 2,875 bitcoins seized from Ryan Farace and Sean Bridges during law enforcement actions against the dark web Silk Road, valued at approximately $117 million.It is reported that the U.S. Department of Justice charged the suspect Farace (also known as Xanaxman) in 2018 for selling illegal goods on the dark web and seized the related funds in 2021.