President Trump's Aug. 12 memorandum, previously described as a 60-day plan for agencies to build a private-sector cyber response program, now appears to authorize vetted companies to conduct supervised surveillance and "cyber effects operations" against cyber-enabled transnational criminal organizations, with pig butchering scams a priority. The framework, which builds on a March 2026 executive order creating a National Coordination Center for CE-TCOs, requires participating firms to post bonds of at least $1 million, undergo vetting and avoid targeting U.S. persons without explicit authorization, while the Department of Justice and the Department of Homeland Security oversee operations. The move shifts policy toward preemptive disruption of criminal infrastructure that has cost U.S. victims billions of dollars annually and often relies on crypto deposits, laundering chains, mixers and cross-chain bridges. The memorandum could deepen the role of firms such as Chainalysis, TRM Labs and Elliptic beyond passive tracing, while legal experts say it also raises Computer Fraud and Abuse Act, liability and diplomatic risks.