French Hill, chairman of the House Financial Services Committee, criticized President Trump and his family for their cryptocurrency business activities on Monday, saying these actions have made the work of making laws for the emerging digital asset industry “more complicated.” Hill specifically pointed out Trump's meme and stablecoin projects, saying it had a negative impact on the work of lawmakers. Hill: “These projects make our work more complicated.” Hill said on Monday that the House Financial Services Committee will review the draft Stablecoin Act on Wednesday and will discuss the new version of the Market Structure Act soon. On the Senate, the GENIUS Act, which won bipartisan support by 18-6 votes, has been submitted to the whole house for a vote. But Trump's business activities provide Democrats with a reason to object. Last week, Senator Elizabeth Warren slammed Trump-backed USD1 stablecoin as a "scam" and tried to peg the project to the legislative process. She said “Congress should amend the stablecoin bill under consideration to prevent Trump and Musk from taking control of people’s money.”