Strategists for two US bills intended to create an oversight regime for Crypto are postponing plans this week to adopt legislation in the summer, Bo Hines, the White House official, told the center of these efforts, Coindesk said.
Hines, as President Donald Trump hired as CEO of the Presidents Council for Digital Assets Consultants, Coindesk said in an interview that the procedures expired to move the legislation on the regulation of stablecoin issuers, and Crypto Advocates in the White House and Congress will quickly turn to the great bill that will set a full regulatory regime for US Crypto markets.
Progress hitherto sets the effort “Good at Tempo to achieve what the president wants,” he said, which is that both crypto bills reach Trump’s desk for signatures before Congress takes his summer savings in August.
The President’s Advisor, Who is a Speaker at Consensus 2025 in Toronto May 14-16, Said The Bills to Regulate StableCOin Issuers That Are Moving Through The Senate and House of Representatives Are “90% align Still Need Approval in Both Chambers. “We’re in the process of mitigating any differentials between the two chambers there, but we feel like, you know we are in a really good place to get it passed and signed in the law,” he said. “It lays the basis for everything we can do.”
He said that the more complex commitment to write laws for how the US should police, the total markets should emerge in draft bills “for the next few weeks.”
Trump’s business
While Congress is moving unusually quickly, the president’s own crypto business interests have been criticized by Democrats who accuse Trump of wrongly benefiting from his own policies and inviting foreign influence from investors in his family’s projects. Trump’s interests include efforts in World Liberty Financial and the president’s own Memecoin, $ Trump. Hines pushed back and said that the increase in crypto has presented attractive innovations for investors.
“Every good business person would engage in a market opportunity like that,” he said. “So you know I don’t consider it to be harmful in any capacity.”
The president and his family have “the ability to engage in any marketplace that they find appropriate,” Hines said.
“We are narrowly focused on just doing what is in the US’s best interest in making the United States Crypto Capital World, introducing the golden age of digital assets and we have our binders for everything else,” he said. “That’s what the president asked us to do and we will deliver his wishes.”
The White House -Officer, 29, is known as a stubborn loyalist to Trump, who had approved the former college soccer player in the first of his two failed North Carolina Congress campaigns. Despite his relative inexperienced in the cryptopelet, Trump Hits raised Hines to a Senior House in the White House to work next to Krypto -Czar David Sacks and act as a “Sherpa between the White House policy, Interagecy activity, industry and what happens at Capitol Hill,” as Hines described it.
“We are moving at a speed that no other administration has ever been able to move before,” noted Hines.
Bitcoin Reserve
Many in the industry Digital Assets had fought for a digital assets reserve at the federal level, although the idea of how to approach it varies greatly. Trump’s campaign-trail-Lover rose to reality in March as he ordered his administration to start working on a Bitcoin (BTC) reserve and a separate stock of other crypto assets.
One point of disappointment for those who had wanted it was that Trump insisted that the reserve was budget-neutral, which means no new taxpayers’ money would go against acquiring assets for the reserve.
Hines has been a prominent booster for this effort. He said that the state-of-the-art revision of US crypto holdings to be made to find out the scope of assets (so far the non-target) that will be corrected into the warehouses is progressing quickly. The Treasury Department is now reviewing audit reports from different corners of the US government, he said.
Trump had ordered his administration to prepare ideas on how to add even more to the funds without taking advantage of taxpayers, and Hines said they still “take out the best ideas.”
“I don’t think there will be a single decision where we say, ‘This is the path we need.’ I think there could be several ways we participate in this, “Hines said,” We consider Bitcoin as digital gold and we will gather as much as we can.
He did not have a timeline in mind when the first symbols begin to stack up as a long -term US government investment.
Different views
The transition from President Joe Biden to Trump’s administration has been sharp for the industry – until recently a goal of the government’s suspicion and now celebrated as an innovative movement to be promoted. Already, regulatory agencies such as Securities and Exchange Commission have turned policies and began crypto -round tables behind doors that had largely been closed to discussions of digital assets. And Trump even held a crypto summit in space in the White House, where Presumptive Days host.
“We are moving at a speed that no other administration has ever been able to move before,” noted Hines.
Hines said he had had as many as 200 meetings with cryptoinsiders in his short stint in the government, and he gave their opinions to vary widely. But he believes that the industry is largely in line where it should be as congress and regulators considering its American future.
When asked about some industry problems in dividing the crypto legislation into two rather than a combined, simple effort to improve its odds, he said that details could still be prepared, although he is currently focused on a stableecoin bill that was quickly followed by market structure legislation.
Crypto -push, as he said “some will portray as a chaotic process,” looks like this because that is always the case in government decision making “when trying to implement change.”
“We are talking about revolutionizing a financial marketplace that has basically been archaic for the past three decades,” he said. “I just think people should be very excited about what’s going to come.”
