Trump Remains on Course to Enact Cryptocurrency Legislation by August, According to White House Aide Bo Hines

According to Bo Hines, a White House official, US President Donald Trump is expected to sign legislation related to stablecoins and market structure before the congressional break in August, despite recent setbacks. Hines, who serves as the executive director of the President's Council of Advisers on Digital Assets, made this statement on Wednesday at the Consensus 2025 conference in Toronto. Although lawmakers are still engaged in discussions about the legislation, Hines expressed optimism that it would be passed by August, citing the President's desire to achieve this goal. He acknowledged that the legislative process is ongoing and evolving. Earlier in the day, Hines addressed concerns about potential conflicts of interest related to the Trump family's involvement in cryptocurrency ventures, stating that the President's sons have the right to engage in capital markets as private individuals. He emphasized the importance of the US establishing itself as a leader in digital asset financial technology and noted that the White House is working on a strategic Bitcoin reserve.