TORONTO — Regardless of a latest setback, U.S. President Donald Trump ought to be capable of signal stablecoin and market construction laws earlier than Congress goes on break in August, mentioned White Home official Bo Hines on Wednesday.
Lawmakers are nonetheless discussing the laws, which is sweet, mentioned Hines, the chief director of the President’s Council of Advisers on Digital Belongings, mentioned on stage at Consensus 2025 in Toronto.
“Negotiations are ongoing,” he mentioned. “However I stay steadfast in my optimism that we’ll obtain — the President’s want is to do it — however stablecoin laws and market construction laws earlier than the August recess.”
Nonetheless, he acknowledged that the legislative course of was “evolving.”
Hines mentioned 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 best to interact in capital markets as non-public enterprise individuals, like anybody else does within the U.S.,” he mentioned on CoinDesk TV. “I do not see any battle in doing so. By the way in which, it must be thrilling that they are participating on this house. Should you’re a superb enterprise particular person, you need to be digital belongings and saying, ‘how can I get entangled?’ As a result of that is the subsequent technology of finance.”
He repeated this argument on stage at Consensus.
“As we launch these tariff negotiations and commerce negotiations play themselves out, we need to set up ourselves as a frontrunner in digital asset monetary know-how extra typically,” he mentioned.
Requested on CDTV about studies {that a} small firm was buying TRUMP cash, Hines mentioned, “I will say very firmly, the president of the USA cannot be purchased.”
The White Home and members of its working group are nonetheless engaged on a strategic Bitcoin reserve, Hines mentioned on stage.
