At the Consensus 2025 conference in Toronto, Bo Hines, advisor to US President Donald Trump, shared plans for signing significant cryptocurrency legislation.
Plans for the Stablecoin Law
Hines stated that despite the recent rejection of the GENIUS stablecoin bill, discussions about its legislation are ongoing. He emphasized the need to pass the stablecoin law before Congress goes on 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." CITE_W_A
Conflict of Interest Concerns
Hines addressed concerns regarding potential conflicts of interest related to the Trump family's cryptocurrency project, emphasizing that the president's children have the legal right to engage in the cryptocurrency 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." CITE_W_A
Strategic Work on Bitcoin Reserve
Finally, Hines added that the White House and members of the working group continue to work on a strategic Bitcoin (BTC) reserve.
Despite the challenges facing cryptocurrency legislation in the US, Bo Hines confirmed that efforts continue on important initiatives in this area.
