US President Donald Trump’s Krypto -Ventures, including the launch of his Trump Memecoin in January, has complicated Bipartisan efforts to get stableecoin legislation passed, rep. French Hill, a legislator in the center of the industry’s crypto efforts in Washington, said Wednesday at Consensus 2025 in Toronto.

However, Hill -President of House Financial Services Committee, which recently released a draft discussion of a law on crypto -market structure -said there is still a strong Bipartisan consensus on the need for crypto conditions, despite the growing frustration of the potential interests and the opacity of Trump’s personal crypto.

“Despite the policy around Trump Memecoin and Crypto Investments, which have definitely made our work more complicated, I still claim that behind the scenes you have got constructive members and both sides of the capital and in both political parties working to find agreement,” Hill said in his pre-taped interview with Coindesk.

The Bipartisan consensus is not limited to the need for stableecoin rules in the United States, Hill said, adding that legislators on both sides of the time also agree on the need for a market structure bill.

“I don’t want to use a cliche like peanut butter and jelly, but these bills work together in the sense that if you have a stableecoin, where will you use it? How will it be used as a ramp or off-ramp to other digital asset activities? And that’s why both bills are critical,” Hill said.

At the White Huss summit on digital assets in March, Trump said he wanted Congress to have both a stablecoin bill and a market structure on his desk before the month-long August era.

“I think it’s possible,” Hill said. “We are on the field. We just have to keep it and keep it hard and we are trying to hit President Trump’s deadline.”

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