# Trump's Memecoin Appears to Be Derailing Crypto Legislation

*Author: Bankless*
*Published: May 6, 2025*
*Source: https://www.bankless.com/read/trumps-memecoin-appears-to-be-derailing-crypto-legislation*

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A scheduled crypto regulation hearing was replaced with a roundtable after House Democrats boycotted it, citing concerns about Trump's digital asset affiliations. 

## **What’s the Scoop?**
- **Hearing Boycott**: House Democrats refused to attend the Financial Services Committee hearing, questioning potential conflicts involving Trump-linked digital assets.
- **Chair's Response**: Financial Services Chair French Hill criticized Democrats for disrupting bipartisan proceedings, emphasizing the committee's intended focus on crypto regulation.
- **Roundtable in Place**: In lieu of the hearing, a roundtable discussion was held to continue exploring crypto regulation and market oversight.
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