At a meeting with lawmakers on Wednesday, crypto industry advisers expressed strong support for moving forward with legislation. However, they avoided discussing one hot topic: former President Donald Trump’s meme coin and his growing involvement in digital assets.
While there was broad agreement on the need for regulation in the fast-evolving crypto space, speakers dodged questions from the House Financial Services Committee about potential conflicts of interest tied to Trump’s crypto ventures.
The hearing was intended to bring more clarity to how digital assets should be regulated. But the line of questioning—especially from Democrats and some crypto-friendly Republicans—highlighted the partisan divide. Democrats were particularly critical of Trump’s personal involvement in crypto, raising concerns about him possibly using his influence to benefit financially.