Toronto – Despite a recent setback, US President Donald Trump should be able to sign stablecoin and market structure legislation before Congress goes during the break in August, White House official Bo Hines said Wednesday.

Legislators are still discussing the legislation, which is good, said Hines, CEO of the President’s Council for Digital Assets Council, said on stage in Consensus 2025 in Toronto.

“The negotiations are underway,” he said. “But I remain steadfast in my optimism, as we will achieve – the president’s desire is to do so – but stablecoin legislation and market structure legislation before recessing in August.”

Still he acknowledged that the legislative process “evolved.”

Hines said earlier in the day that Trump’s crypto-ventures as well as the president’s family bonds did not constitute any conflicts of interest.

“His sons have the right to participate in capital markets as private business people, as everyone else does in the United States,” he said on Coindesk TV. “I don’t see any conflict by doing it. By the way, it must be exciting that they engage in this room. If you are a good business person, look at digital assets and say, ‘How can I get involved?’ Because this is the next generation of funding.

He repeated this argument on stage by consensus.

“When we launch these customs negotiations and trade negotiations, we want to establish ourselves as a leader in financial technology for digital active more generally,” he said.

Asked on CDTV about reports that a small company bought Trump coins, Hines said, “I would say very firmly, the president of the United States cannot be purchased.”

The White House and members of its working group are still working on a strategically Bitcoin Reserve, Hines said on stage.