Despite a few hiccups, U.S. President Donald Trump is still aiming to sign off on stablecoin and market structure legislation before Congress jets off for its August recess, according to White House insider Bo Hines on Wednesday.
Lawmakers are hashing out the details, which is actually a good thing, said Hines, executive director of the President’s Council of Advisers on Digital Assets, speaking live at Consensus 2025 in Toronto.
“Negotiations are ongoing,” he admitted. “But I’m staying optimistic. The President wants this done — stablecoin laws and market structure legislation — before the August break.”
Sure, the process is “evolving,” but that’s politics for you.
Clearing the Air on Trump’s Crypto Ties
Hines also cleared the air on Trump’s crypto ventures and his family’s involvement, saying there’s no conflict of interest.
“His sons can play in the capital markets as private businesspeople, just like anyone else in the U.S.,” he said. “And honestly, it’s exciting to see them dive into digital assets. If you’re savvy, you’re asking, ‘How do I get in on this next-gen finance?’”
On stage at Consensus, he doubled down: “As tariff and trade talks roll on, we want to be the big dogs in digital asset fintech.”
And when asked about rumors that a tiny company was snapping up TRUMP coins? Hines was crystal clear: “The President of the United States can’t be bought.”
Meanwhile, the White House crew is still cooking up plans for a strategic Bitcoin reserve, Hines revealed during his talk.
HODL Team
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