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Trump’s Crypto Ventures Complicate Stablecoin Legislation Efforts

Trump’s Crypto Ventures Complicate Stablecoin Legislation Efforts

Author:
Global Cryptocurrency
Published:
2025-05-14 19:38:02
11
3

U.S. Representative French Hill highlighted the challenges posed by former President Donald Trump’s cryptocurrency activities, including the launch of the TRUMP memecoin, in advancing bipartisan stablecoin legislation. Speaking at Consensus 2025 in Toronto, Hill acknowledged the growing frustration among Democrats over potential conflicts of interest tied to Trump’s opaque crypto investments.

Despite these political hurdles, Hill emphasized that bipartisan support for crypto regulation remains strong. As chairman of the House Financial Services Committee, he recently unveiled a discussion draft for a crypto market structure bill, signaling continued momentum for legislative action.

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