Trump family's obsession with cryptocurrency sparks criticism from Republican lawmakers

Odaily Planet News: House Financial Services Committee Chairman Franchy Hill stated that President Trump's activities in cryptocurrencies and meme coins have complicated Congress's work on legislation that has been brewing for years. "This is absolutely true," the Republican lawmaker said, "the Trump family's involvement in the meme coin world has made this work more complex because I believe it distracts our party members (including Republicans and Democrats) from focusing on what we should be doing." Hill added: "We have been working hard for five years, especially in the House, to gain strong bipartisan support for stablecoins and market frameworks." "If you are concerned about meme coins, worried about whether they have value or what their purpose is in society, then you need to help me pass a stablecoin bill and a market framework bill that will clearly outline the rules for how digital assets function in our economy." (Jin Shi)