According to this article, what you're referring to is just the FDA putting stem cells under the same regulatory burden as most drugs.
https://www.statnews.com/2016/02/08/fda-crackdown-stem-cell-...
They have escaped this previously because the stem cells came from the patient, and not much was done to the cells before re-injection, so it's closer to plastic surgery.
I happen to think that that FDA is probably way too conservative (both on stem cells and drugs) and seriously inhibits progress, but I think it's misleading to suggest that they are slowing progress in a way specific to stem cells. The FDA has always had a mission to not just protect patients from harm, but also from being fleeced by useless sham therapies.