Online reports that investment bank TD Cowen said that U.S. President Donald Trump's memecoin Official Trump (TRUMP) may hinder the progress of bipartisan crypto market structure legislation. The TD Cowen Washington research group led by Jaret Seiberg wrote in a report on Tuesday: "Democrats will demand details on whether foreign government and business interests are using token purchases to please the Trump team, which will endanger the cryptocurrency bill's ability to gain bipartisan support, which requires bipartisan support to become law." TD Cowen's Seiberg said the launch of memecoin has made it difficult for Congress to agree on a bipartisan crypto market structure bill, which is crucial to addressing legal uncertainties that restrict the base of crypto investors. Analysts suggest a potential solution could be to separate the memecoin investigation from cryptocurrency legislation, let other Democratic leaders lead the investigation and provide cover for those who support the bill.