The interest in Donald Trump’s family in challenging the cryptocurrency business could put bipartisan support for Republicans’ efforts to regulate the industry.
A statement from the president’s children’s recent projects, according to a statement from the Arkansas Republican representative of France’s Hill. They can be counterproductive.
In particular, it refers to the launch of MemeCoins, created last January from the family-created platform World Liberty Financial.
This project, along with the invasion of stubcoin launch ads called USD1 and Bitcoin mining, They had a negative impact on the work of legislators.according to Hill.
Many Republicans, who are chairman of the Financial Services Committee, are They question possible conflicts of interest As the Trump family becomes increasingly involved in the ecosystem.
“This all did our most complicated task,” the lawmaker talks to journalists.
Specifically, he talks about the progress made to regulate stubcoin, where a legal framework is desired. It will be approved this year. As Cryptonoticia reports, two bills are being debated in Congress.
On the one hand, there is the genius law proposed by the Senate. The other is a stable law, which will be voted in the House of Representatives this April 2nd. Hill is truly the main sponsor of the camera project.
Both projects They have bipartisan supporters.. But Trump’s personal business is afraid to resist the Democrats’ approval.
Opposition parties could be made under the argument that new laws promote members of the president’s family Benefits of the law It is led by the Republican Party. This argues that cryptocurrency emperor David Sacks is “unrelated” to policies applied to the industry.
But in both examples of Congress there are Democrats That’s not very happy In the situation.
The House of Representatives is expected to criticize and vote against the largest ranked members of the Financial Services Panel. Typical Maxine Water. It’s already become very obvious in the Senate Elizabeth Warren’s rejection.
The question is also supported by some Democrats.
“I can’t imagine anything more harmful to the bipartisan than Trump’s family project,” said Jim Himez, a senior Connecticut Democrat with the House Financial Services Committee, who supports the Stabrecoin law.
Even some of the most enthusiastic supporters of the Congressional industry recognize that financial advances in the world of freedom could be With obstacles In conversation with the Democrats.
“I shouldn’t make life more difficult, but I was able to do that,” Senator Cynthia Ramis said.
Despite all these considerations, Republicans They hold optimism And show confidence for the majority they have in Congress.
(tagtentranslate) Trump
