Trump Likely to Enact Crypto Legislation by August, According to White House’s Bo Hines

TORONTO — Despite a recent setback, U.S. President Donald Trump is expected to sign stablecoin and market structure legislation before Congress takes a break in August, according to White House official Bo Hines on Wednesday. Lawmakers continue to discuss the legislation, which Hines, the executive director of the President’s Council of Advisers on Digital Assets, described as a positive sign during his appearance 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.” He acknowledged that the legislative process is “evolving.”

Hines earlier mentioned that Trump’s crypto ventures, as well as the president’s family’s business activities, do not present any conflicts of interest. “His sons have the right to engage in capital markets as private business people, like anyone else does in the U.S.,” he explained during an interview on CoinDesk TV. “I don’t see any conflict in doing so. It should be exciting that they’re participating in this space. If you’re a good business person, you should be considering digital assets and asking, ‘how can I get involved?’ Because this is the next generation of finance.”

He reiterated this viewpoint 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 said.

When asked about reports of a small company purchasing TRUMP coins, Hines responded firmly, “The president of the United States can’t be bought.” He also noted that the White House and its working group are still developing a strategic Bitcoin reserve, as he mentioned during his presentation.