BlockBeats News, April 16th, according to TheBlock report, investment bank TD Cowen pointed out that the Trump family's cryptocurrency business (including the planned stablecoin launch) may trigger a backlash and delay U.S. regulatory progress. Despite legislators speeding up the advancement of crypto regulations, political risks are rising. Jaret Seiberg, head of TD Cowen's Washington research team, wrote in a report on Monday: "We are concerned that political threats may escalate to the point of disrupting legislative and regulatory reform in the crypto space. While we do not currently see a political risk that would completely disrupt the crypto industry, the risk is rising rather than diminishing, which is a key factor we believe investors need to pay attention to."

Currently, Washington legislators and regulatory agencies are making progress in crypto legislation and guideline development. The U.S. Securities and Exchange Commission (SEC) has dismissed multiple crypto lawsuits, and lawmakers are envisioning a regulatory framework for stablecoins and market structure. Seiberg mentioned that last week, SEC acting Chairman Mark Uyeda also hinted that the SEC may provide exemptions for crypto trading platforms and traditional exchanges seeking to trade tokenized securities. However, Seiberg said that this momentum may be threatened by the controversy surrounding the Trump family's involvement in the crypto space, including their planned stablecoin launch. "We are increasingly concerned that the Trump family's business activities and government actions may trigger a strong backlash, leading to a derailment of proactive government actions." Seiberg also pointed out concerns about the Trump administration's anti-money laundering policy shift, such as lifting sanctions on the crypto mixer Tornado Cash and the Justice Department reducing prosecutions of crypto money laundering cases.