Online reports that Franky Hill, chairman of the U.S. House Financial Services Committee, said that President Trump's activities on cryptocurrencies and memocoins have complicated Congress's efforts to pass legislation that has been in the making for years. "That's true," the Republican congressman said."The Trump family's involvement in the world of memoin complicates this work because I think it distracts our party members, Republicans and Democrats, and prevents them from focusing on what we should do." "We have been working hard for five years, especially in the House, to build strong bipartisan support for stablecoins and the market framework," Hill said. "If you're worried about memocoins, whether they have no value, or what their purpose is in society, then you need to help me pass a stablecoin bill and a market framework bill that will clearly list the rules for how digital assets play a role in our economy."