PANews reported on April 16 that according to The Block, investment bank TD Cowe warned that political risks in the crypto industry are rising because the actions of US President Trump and his government may hinder the progress of cryptocurrency regulation. TD Cowen's Washington research team pointed out in a report on Monday: "We are concerned that political threats may intensify, threatening legislative and regulatory reforms for cryptocurrencies. Although political risks have not yet significantly hindered the advancement of the cryptocurrency agenda in Washington, risks are indeed rising, which is a key factor that cryptocurrency investors need to pay close attention to."

Currently, lawmakers and regulators in Washington are actively promoting cryptocurrency legislation and guidance. The U.S. SEC has withdrawn several cryptocurrency lawsuits, and lawmakers are also developing a regulatory framework for stablecoins and market structure. The report revealed that last week, SEC Acting Chairman Mark Uyeda hinted that the agency may provide exemptions for crypto trading platforms and traditional exchanges that want to trade tokenized securities. However, the report said that the growing controversy caused by the Trump family's involvement in the cryptocurrency field, including plans to launch stablecoins, may threaten this momentum. In addition, the report also expressed concerns about the Trump administration's shift in anti-money laundering policies, such as lifting sanctions on cryptocurrency mixer Tornado Cash and the Department of Justice's reduction of cryptocurrency money laundering-related prosecutions.