- Trump aims to finalize crypto laws before Congress breaks in August.
- Stablecoin and market rules are central to upcoming legislation push.
- White House confirms Trump family’s right to join crypto sector.
President Donald Trump is set to move forward with key cryptocurrency legislation before Congress heads into its August recess. This update came directly from Bo Hines, a senior White House advisor, during his appearance at the Consensus Toronto 2025 event.
Hines confirmed that Trump’s administration is actively working to finalize two major crypto bills. Among them are new banking regulations that affect stablecoins and a broad regulatory framework to regulate the broader digital asset market. As much as debates about politics revolve around them, he claims that behind the scenes, things are being stepped up to ensure that the August deadline is achieved.
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He disclosed that talks are being held on putting together a digital asset plan that may comprise Bitcoin reserves. Although no agreement is solidified yet, the administration is inclined to see a breakthrough prior to the break.
Hines responded to the questions raised by society by defending the participation of Trump family members in the crypto world. He added that as ordinary citizens, they are free to invest in digital commodities, and their interest is only an indication of the increased economic potential in the industry.
Hines asserted that working with digital assets is an extra dimension needed for the current monetary plan and that shrewd businesspeople are raptly following the idea.
Bipartisan Talks Continue Amid Distractions
Meanwhile, Representative French Hill, a key figure in the crypto policy debate, echoed the sense of urgency. Also, during this event, Hill admitted that political noise around meme coins with Trump has exacerbated the need to find cooperation between political parties. Nevertheless, he mentioned that tangible action is progressing in terms of the status of legislation.
He said that both sides of Congress realize the importance of making the U.S. a world leader in digital finance. They continue to debate about regulatory clarity on stablecoins, market infrastructure, and the treatment of digital assets under federal law.
Hill presented the reality that a balanced framework is being tried to establish and put into practice from a position of innovation but with a risk focus. He further stated that, hopefully, within weeks, serious implementation of such crypto legislation might be established in the country.
According to Hill, there is a genuine effort to create a balanced framework that supports innovation while addressing risk. Both the stablecoin and market structure bills are on track, and President Trump is expected to sign them before August.
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