Rep. French Hill expressed concerns that Trump’s involvement in crypto, including a meme coin and stablecoin, complicates legislative processes for digital assets. Hill highlighted that Trump’s family has gained significantly from these ventures, affecting the political landscape.
Despite Trump’s business activities, bipartisan efforts in Congress seek to advance stablecoin regulation. The STABLE Act is set for review, as lawmakers aim to navigate the challenges posed by Trump’s crypto dealings to ensure clarity for digital asset regulations.
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