Lawmakers criticize: The Trump family's WLFI "adds confusion to encryption legislation," $TRUMP brings negative impact of Be Played for Suckers.

French Hill (Republican), chairman of the US House Finance Committee, rarely criticized the Trump family's cryptocurrency business, saying that it interfered with legislation; Senator Elizabeth Warren, a fierce crypto opposition, also slammed the Trump stablecoin USD1 stablecoin as a scam and urged amendments to the stablecoin bill to strictly regulate it. (Synopsis: News: Bitcoin miner Hut 8 cooperated with Trump's son to establish a new mining company "American Bitcoin") (Background supplement: The US stablecoin bill was choked as a "Trump Musk scam", and crypto villain lawmakers warned: they will control the people's money) French Hill, chairman of the Financial Services Committee of the U.S. House of Representatives, publicly criticized President Trump on Monday (March 31) for popularizing his family's business practices in the cryptocurrency space. These activities add complexity to the development of cryptocurrency-related laws. Hill, a key member of Congressional Republican leadership, drew attention in his rare denunciation of the president's personal activities. According to Dycrypt, Hill singled out Trump's meme coin and stablecoin projects, believing that it would have a negative impact on congressional legislative efforts. He said bluntly at the press conference: "These projects have made our task more complicated." The remarks underscore the divisions within the Republican Party over how to deal with the growing politicization of cryptocurrencies and could add additional uncertainty to an already difficult legislative process. The Trump family has actively ventured into the cryptocurrency market this year, and Trump launched the official meme coin $TRUMP Coin" on the eve of his inauguration, which skyrocketed in price due to social media hype in the early days of its release, peaking above $73 per coin, but the coin has now fallen back to $10, down more than 86% from its all-time high. In addition, the Trump family's DeFi project World Liberty Financial announced plans to issue a stablecoin called USD1, which will be deployed on Ethereum and BNB Chain, however, this project has not yet been approved by regulators, causing the outside world to question its legitimacy. Yesterday, bitcoin mining company Hut 8 Corp. (HUT) announced that it has partnered with Trump's two sons to launch a new mining subsidiary "American Bitcoin". Trump and his family have netted hundreds of millions of dollars from such activities; The unrealized benefits of the same project amount to billions of dollars. This has not only sparked public criticism from the leadership within the Republican Party, but also provided ammunition for the hardliners of the Democratic Party to attack, adding uncertainty to the prospects of key legislation such as stablecoins and market structures $TRUMP continues to hover at $10, source: CoinGecko The US Congress advances a number of cryptocurrency and stablecoin bills At the same time, the US Congress is accelerating digital asset regulatory legislation. The House Financial Services Committee is scheduled to consider Wednesday (April 2) a draft stablecoin bill that would require stablecoin issuers to hold sufficient reserves and undergo regular audits to protect investors. In addition, the committee plans to discuss a new version of the market structure bill in the near future to further regulate the operation of cryptocurrency trading platforms. In the Senate, the GENIUS Bill, which was passed by the Senate Banking Committee by a vote of 18 to 6, was voted on by the full House, clarifying the state and federal regulatory authority of stablecoin issuers, showing a bipartisan consensus on digital asset regulation. However, the cryptocurrency activities of Trump and his family have cast a shadow over the legislative process. Democratic Senator Elizabeth Warren, a prominent cryptocurrency oppositionist, blasted the USD1 stablecoin as a "scam" last week and warned that it could become a "hotbed of financial fraud." She called on Congress to amend the Stablecoin Act to prevent business people like Trump from exploiting regulatory loopholes. There are also doubts within the Democratic Party about the progress of the bill, believing that the current draft still needs to be improved and cannot fully address market risks. Hill emphasized that Congress will continue to push for legislation to ensure market transparency and consumer safety. "We cannot allow individual business practices to hinder the healthy development of the industry as a whole," he said. In the coming weeks, as bill deliberations unfold, Trump's cryptocurrency activities and congressional regulatory game will be in focus Related Stories The Trump family's new crypto layout: Can USD1 stablecoins stir up the market? SEC new chairman "cutting leeks"? Senator Warren kicked out: Paul Atkins and FTX, Justin Sun, Trump coin in the same stream Senator Lummis resubmits bill allowing the United States to reserve 1 million bitcoins: ensuring US financial leadership U.S. senators propose a new draft of "stablecoin regulation": improve financial transactions, create new opportunities for U.S. debt, bipartisan cooperation to legislate before the end of the year [lawmakers criticize: Trump family WLFI "adds chaos to encryption legislation", $TRUMP brings the negative impact of cutting leeks〉 This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".