Chairman of the House Financial Services Committee: Trump's cryptocurrency trading makes regulation 'more complex'

According to Decrypt, French Hill, Chairman of the U.S. House Financial Services Committee, made a rare criticism of President Trump and his family's cryptocurrency business activities on Monday, stating that these actions have made the work of enacting laws for the emerging digital asset industry "more complex. Hill specifically pointed out Trump's introduction of meme and stablecoin projects, stating that they have had a negative impact on the work of lawmakers. Hill： These projects have made our work more complex Hill announced on Monday that the House Financial Services Committee will review the draft stablecoin bill on Wednesday and will soon discuss a new version of the market structure bill. On the Senate side, the GENIUS bill, which received bipartisan support with 18 to 6 votes, has been submitted for a full house vote. But Trump's business activities have provided opposition reasons for Democrats. Last week, Senator Elizabeth Warren criticized the USD1 stablecoin supported by Trump as a "scam" and attempted to link the project to the legislative process. She said, "Congress should amend the stablecoin bill currently under review to prevent the likes of Trump and Musk from controlling people's money