TORONTO — Regardless of a latest setback, U.S. President Donald Trump ought to be capable to signal stablecoin and market construction laws earlier than Congress goes on break in August, stated White Home official Bo Hines on Wednesday.
Lawmakers are nonetheless discussing the laws, which is nice, stated Hines, the chief director of the President’s Council of Advisers on Digital Belongings, stated on stage at Consensus 2025 in Toronto.
“Negotiations are ongoing,” he stated. “However I stay steadfast in my optimism that we’ll obtain — the President’s need 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 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 proper to interact in capital markets as non-public enterprise individuals, like anybody else does within the U.S.,” he stated on CoinDesk TV. “I do not see any battle in doing so. By the best way, it needs to be thrilling that they are partaking on this house. In case you’re enterprise individual, you need to be taking a look at digital belongings and saying, ‘how can I become involved?’ As a result of that is the subsequent era of finance.”
He repeated this argument on stage at Consensus.
“As we launch these tariff negotiations and commerce negotiations play themselves out, we wish to set up ourselves as a pacesetter in digital asset monetary expertise extra typically,” he stated.
Requested on CDTV about experiences {that a} small firm was buying TRUMP cash, Hines stated, “I will say very firmly, the president of america cannot be purchased.”
The White Home and members of its working group are nonetheless engaged on a strategic Bitcoin reserve, Hines stated on stage.
