Chair of the U.S. House Financial Services Committee: Trump's Crypto Transactions Make Regulation "Even More Complex"

BlockBeats News, April 1st, according to Decrypt, French Hill, Chairman of the House Financial Services Committee, stated on Monday that personal cryptocurrency transactions by President Trump and his family have made drafting legislation for this emerging field "more complicated," marking a rare criticism of the President's personal activities by a key member of the U.S. Congressional Republican leadership.

Hill specifically mentioned President Trump's meme coin and stablecoin projects, believing that these two initiatives have had a negative impact on lawmakers' efforts to establish rules for the digital asset industry.