Bo Hines, US President Donald Trump’s advisor on cryptocurrencies, said that despite all the negativity experienced recently, President Donald Trump wants and plans to sign important cryptocurrency laws by August.
Speaking at Consensus 2025 in Toronto, Bo Hines said that despite the rejection of the stablecoin bill GENIUS, negotiations on its legislation are ongoing.
At this point, Hines emphasized that they need to ensure that the stablecoin law is passed before Congress goes into recess in August.
“Discussions on the stablecoin bill are ongoing. However, I remain optimistic that we will pass stablecoin legislation and market structure legislation before the August recess. That is also the President’s desire.”
Hines also addressed concerns about potential conflicts of interest regarding the Trump family’s cryptocurrency project, emphasizing that the president’s children and family have the legal right to participate in the crypto market as private investors.
“President Trump’s sons have the right to participate in capital markets like other private entrepreneurs in the United States.
“I don’t see the Trump family project as a conflict of interest. A talented entrepreneur should look at digital assets and think, ‘How can I get involved?’ because digital assets are the next generation of finance.”
Finally, Hines added that the White House and members of the working group continue to work on a strategic Bitcoin (BTC) reserve.
*This is not investment advice.
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