TRM Labs has launched the Beacon Network, a new initiative aimed at preventing cryptocurrency-related crimes. The network is designed to enhance the detection and investigation of illicit activities within the crypto space, providing tools and resources to law enforcement and financial institutions. In other developments, the crypto industry is showing strong support for Trump's nominee for CFTC Chair, Brian Quintenz. Meanwhile, Wyoming has become the first state to issue its own stablecoin, marking a significant milestone in the integration of digital currencies within state financial systems.