Trump’s Memecoin Complicates Bipartisan Stablecoin Legislation Efforts
U.S. President Donald Trump's crypto ventures, including the TRUMP memecoin launched in January, have complicated bipartisan efforts for stablecoin legislation, according to Rep. French Hill at Consensus 2025.
- Hill noted a strong bipartisan consensus remains for crypto legislation despite concerns over Trump's personal investments.
- The House Financial Services Committee recently released a discussion draft of a crypto market structure bill.
- Lawmakers are focusing on both stablecoin regulations and a market structure bill, which they believe are interconnected.
- Trump expressed the desire for Congress to pass both bills before the August recess.
- Hill confirmed they are on track to meet Trump's deadline.