The U.S. House of Representatives holds a cryptocurrency hearing, with Democratic lawmakers expressing concern over the Meme coin launched by Trump

The U.S. House Financial Services Committee held a special hearing on digital assets on February 11th. Republican Congressman Tom Emmer stated that encryption technology will transfer economic power from central institutions back to the people. Democratic congressmen expressed concern about the Meme coin launched by Trump, with Sean Casten stating it lacks real value. In terms of stablecoin regulation, committee chairman French Hill and Democratic leader Maxine Waters each proposed regulatory frameworks. Investment bank TD Cowen believes that proposals from both parties are likely to reach consensus, but anticipates specific legislation may be delayed until the end of the year.