Very little has happened. The Feds can still seize cash (without any evidence of a crime) and the local LEOs can too.
It's just a matter of Holder wanting to dry up some of the seized money going to local LE.
Holder and Obama don't like local LE.
The article says that around 2/3rd of the actions are taken locally without Fed involvement.
The Post found that local and state police routinely pulled over drivers for minor traffic infractions, pressed them to agree to warrantless searches and seized large amounts of cash without evidence of wrongdoing. The law allows such seizures and forces the owners to prove their property was legally acquired in order to get it back.
Police spent the seizure proceeds with little oversight, in some cases buying luxury cars, high-powered weapons and military-grade gear such as armored cars, according to an analysis of Justice Department data obtained through Freedom of Information Act requests.