Trump’s Memecoin, Crypto Stake Make Legislating ‘More Complicated’: Rep. French Hill
U.S. President Donald Trump’s crypto ventures, including the launch of his TRUMP memecoin in January, have complicated bipartisan efforts to get stablecoin legislation passed, Rep. French Hill, a lawmaker at the center of the industry’s crypto efforts in Washington, said Wednesday at Consensus 2025 in Toronto.
However, Hill — chairman of the House Financial Services Committee, which recently released a discussion draft of a crypto market structure bill — said that there is still a strong bipartisan consensus around the need for crypto legislation, despite Democrats’ growing frustration with the potential conflicts of interest and the opacity of Trump’s personal crypto investments.
“Despite the politics around the Trump…
