The Republican chair of the House Financial Services Committee told a group of reporters on Monday that the Trump family’s increasing ties to crypto companies, including a stablecoin venture announced last week, have made the work of advancing digital asset legislation “more complicated.”
We asked Chair French Hill (R-Ark.) whether he had personal reservations about the forays of World Liberty Financial, a crypto company owned and controlled by the Trump family, as lawmakers hammer out crypto legislation that could significantly expand the sector’s role in the U.S. financial system.
“The family’s engagement … both in the meme coin arena or in the stablecoin arena, makes this work more complicated,” Hill said. The former banker declined to elaborate from there.
