US president Donald Trump’s Crypto adventuresAlong with the launch of his memecoin of Trump in January, there was complex Bipartisan efforts to pass the Stablecoin law, Rep. French Hill, a legislator amidst the industry’s crypto efforts in Washington, said Wednesday in Consensus 2025 in Toronto.
However, Hill – Chair of the House’s financial service committee, recently released a draft of discussion of a bill of crypto market structure – it is said that there is still a strong bipartisan conference around the need for crypto law, despite the growing frustration of democrats with potential conflicts of interest and the opacity of Trump’s personal investment.
“Despite politics around Trump Memecoin and Crypto investments that have surely made our work more complicated, I still focus on the back of the scenes, you have developing members and both sides of the Capitol and the same political parties working to find consensus,” Hill said in his pre-taped coindesk.
The agreed bipartisan is not limited to the demand of stablecoin regulations in the US, Hill said, adding that lawmakers on either side of the aisle also adhere to the need for a market structure bill.
“I don’t want to use too much trite of a cliche as peanut butter and jelly, but these bills are helping to be aware that if you have a stablecoin, where do you use it? How can it be used as an on-ramp or off-ramp to other digital property activities? And that’s why both fees are critical,” Hill said.
At the Digital Assets Summit of the White House in March, Trump said he wanted to have the same Stablecoin Bill and a market structure bill at his desk before the month of August shrinking.
“I believe that can be done,” Hill said. “We’re on the track. We just have to keep it and keep it hard, and we’ll try to hit President Trump’s deadline.”
Read more: Top Democrats demand Treasury information on Trump’s crypto deals, citing ‘bribe’ dangers
