#USHouseMarketStructureDraft USHouseMarketStructureDraft Donald Trump promised to transform the U.S. into the “crypto capital of the planet,” and he will need cryptocurrency legislation for his administration to do it.

But while bills for both stablecoin regulations and market structure legislation were expected within his administration’s first 100 days, little concrete progress has been made by lawmakers in advancing a comprehensive domestic policy framework — particularly as it relates to crypto markets.

And if the news Tuesday (May 6) coming out of the joint hearing entitled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century,” held by the House Financial Services (HFS) Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence & House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development, is any indication, it may take at least another 100 days for emotions on both sides of the aisle to cool.

Initially a bipartisan hearing meant to discuss a Digital Asset Market Structure Discussion Draft, which was introduced into Congress on Monday (May 5), the hearing instead derailed down partisan lines.

Rather than attending the Tuesday hearing, many Democratic lawmakers, led by House Financial Services ranking member Maxine Waters, walked out of the joint hearing in order to hold their own entitled “Democratic Hearing To Discuss Trump’s Crypto Corruption and Conflicts of interest.”

“This decision comes after Chairman French Hill (R-AK) refused to include provisions in legislation blocking Trump’s ability to further enrich himself from crypto,” said Waters.

The political conflict marks a sharp turn in what was once a relatively bipartisan area of interest and risks turning both stablecoin oversight and crypto market clarity from a regulatory challenge into a political football being thrown back and forth.