On April 1st, according to Decrypt, House Financial Services Committee Chairman French Hill stated on Monday that former President Trump's personal cryptocurrency transactions and those of his family have made drafting legislation for this emerging field "more complicated", which is a rare criticism of the president's personal activities by a key member of the Republican congressional leadership.

Hill specifically mentioned Trump's MEME coin and stablecoin projects, believing that these two initiatives have had a negative impact on legislators' work in establishing rules for the digital asset industry.