Republicans criticize President Trump's cryptocurrency activities in an unprecedented move

On March 31, House Financial Services Committee Chairman French Hill (Republican) said that President Donald Trump's cryptocurrency-related activities make discussions on regulation more complicated.

It is rare for a member of the Republican leadership to make critical remarks about the president's personal activities. The background to this is that Trump's cryptocurrency activities have become a target of criticism from Democratic lawmakers in the discussion of regulation.

Specifically, Hill said, "The meme coin activities (by the Trump family) and the consideration of issuing stable coins make our job more complicated...