PANews reported on April 1st that according to Decrypt, House Financial Services Committee Chairman French Hill rarely criticized President Trump and his family's cryptocurrency business activities on Monday, saying these actions made the work of drafting laws for the emerging digital asset industry "more complicated". Hill specifically pointed out Trump's meme coin and stablecoin projects, saying they have a negative impact on legislators' work. Hill: "These projects make our work more complicated."

Hill stated on Monday that the House Financial Services Committee will review the draft Stablecoin Act on Wednesday and will soon discuss the new version of the market structure bill. On the Senate side, the GENIUS Act, which received bipartisan support with an 18-6 vote, has been submitted for a full Senate vote. However, Trump's business activities have provided Democrats with reasons for opposition. Last week, Senator Elizabeth Warren criticized the USD1 stablecoin supported by Trump as a "scam" and tried to link the project to the legislative process. She said, "Congress should modify the stablecoin bill under review to prevent Trump and Musk from controlling people's money."