It says police could strike a "huge blow" by targeting key services used to launder cryptocurrency by criminals.
The company previously estimated criminals received a record $14bn in cryptocurrencies in 2021.
The UK's National Crime Agency (NCA) told the BBC law forces are responding.
Chainalysis says it tracks cryptocurrency wallets controlled by criminals such as ransomware attackers, malware operators, scammers, human traffickers, dark net market operators, and terrorist groups.
