Trump Still on Track to Sign Crypto Legislation By August, White House’s Bo Hines Says

TORONTO — Despite a latest setback, U.S. President Donald Trump ought to give you the option to signal stablecoin and market construction laws earlier than Congress goes on break in August, stated White House official Bo Hines on Wednesday.

Lawmakers are nonetheless discussing the laws, which is nice, stated Hines, the manager director of the President’s Council of Advisers on Digital Assets, stated on stage at Consensus 2025 in Toronto.

“Negotiations are ongoing,” he stated. “But I remain steadfast in my optimism that we’re going to achieve — the President’s desire is to do it — but stablecoin legislation and market structure legislation before the August recess.”

Still, he acknowledged that the legislative course of was “evolving.”

Hines stated earlier within the day that Trump’s crypto ventures, in addition to the president’s household’s tie-ups, didn’t pose any conflicts of curiosity.

“His sons have the right to engage in capital markets as private business people, like anyone else does in the U.S.,” he stated on CoinDesk TV. “I don’t see any conflict in doing so. By the way, it should be exciting that they’re engaging in this space. If you’re a good business person, you should be looking at digital assets and saying, ‘how can I get involved?’ Because this is the next generation of finance.”

He repeated this argument on stage at Consensus.

“As we launch these tariff negotiations and trade negotiations play themselves out, we want to establish ourselves as a leader in digital asset financial technology more generally,” he stated.

Asked on CDTV about stories {that a} small firm was buying TRUMP cash, Hines stated, “I’ll say very firmly, the president of the United States can’t be bought.”

The White House and members of its working group are nonetheless working on a strategic Bitcoin reserve, Hines stated on stage.