The strategists of two American bills intended to create a surveillance regime for Crypto establish plans this week to adopt legislation in summer, the head of the White House, at the center of these efforts, told Coindesk.
Hines, that President Donald Trump hired as executive director of the Presidential Council for Digital Assets, told Coindesk in an interview that the procedures were underway to move the legislation on the regulation of stabbling issuers, and the cryptographic defenders of the White Chamber and the Congress will quickly face the higher law that will put a complete regulatory regulatory Crypto-Markets.
Until now, progress is putting the efforts “well up to achieving what the president wants,” he said, namely that the two crypto invoices reach Trump’s office for the signatures before the Congress took its summer recess in August.
The President’s adviser, who is a speaker at the 2025 consensus in Toronto from May 14 to 16, said that the bills to regulate the stablecoin issuers who move in the Senate and the House of Representatives are “90%aligned”, it will therefore not be difficult to bring them together in a unified approach which would still need approval in the two chambers. In a very good place for this to have been adopted and signed, “he said.” He lays the basics of everything we can do. “
He said the most complex company to write laws on how the United States should control the global markets that should emerge in the bill “in the coming weeks”.
Trump’s business
While the Congress moves unusually quickly, the own commercial interests of the president’s cryptography were criticized by the Democrats who accuse Trump of having badly benefited from his own policies and of inviting the foreign influence of investors in his family’s projects. Trump’s interests include challenges in World Liberty Financial and the president’s own, $ Trump. Hines rejected, saying that the rise of the crypto presented attractive innovations for investors.
“Any good business person would engage in a market opportunity like this,” he said. “So you know, I don’t consider this to be detrimental to any title.”
The president and his family have the “ability to get involved with any market they deem good,” said Hines.
“We are closely concentrated on the simple fact of doing what is in the best interest of the United States to make the United States the world of the cryptographic capital, inaugurate the golden age of digital assets, and we have our binders to everything else,” he said. “This is what the president asked us to do, and we will achieve his wishes.”
The 29 -year -old White House manager is known as a faithful Loyerist of Trump, who had approved the former university football player in the first of his two unsuccessful campaigns of the North Carolina Congress. Despite his relative inexperience in the crypto field, Trump raised hines to a role of the Senior White House to work alongside the Crypto Tsar David Sacks and act as a “Sherpa between White House policy, inter -standing activity, industry and what is happening in Capitol Hill”, as Hines described.
“We move at a speed that no other administration has never been able to move before,” noted Hines.
Bitcoin reserve
Many in the digital asset industry had requested a reserve of digital assets at the federal level, although the idea of how to approach it varies considerably. The promises of Trump’s campaign campaign reached reality in March when he ordered his administration to start working on a Bitcoin reserve (BTC) and a separate stock of other cryptographic assets.
A point of disappointment for those who had wished it was that Trump insisted that the reserve is neutral budgetary, which means that no new money of taxpayers would be used to acquire assets for the reserve.
Hines was a leading reminder of this effort. He said the audit led by the Treasury of us Crypto Holdings, which must be made to discover the extent of the assets (so far not measured) which will be directed to stocks, is progressing quickly. The Treasury Department is now involved in audit reports from various corners of the United States government, he said.
Trump had ordered his administration to develop ideas on how to add even more to the funds without typing taxpayers, and Hines said they “always suffocate the best ideas”.
“I don’t think there will be a single resolution where we say:” This is the path we are going. “I think there could be several ways that we engage in this area,” said Hines, “we consider bitcoin as digital gold, and we want to accumulate as much as possible.”
He did not have a calendar in mind when the first tokens will start to accumulate as a long -term investment of the US government.
Various views
President Joe Biden’s transition to Trump administration has been striking for industry – until recently a target of government suspicion and now celebrated as an innovative movement that should be favored. Already, regulatory agencies such as the Securities and Exchange Commission have reversed policies and started cryptographic round tables behind doors that had been widely closed to discussions on digital assets. And Trump himself held a crypto summit in the White House hall where state dinners are organized.
“We move at a speed that no other administration has never been able to move before,” noted Hines.
Hines said that he had up to 200 meetings with cryptographic initiates in his short stay in government, and he granted that their opinions can go widely. But he thinks that the industry is largely aligned where it must be because Congress and regulators are considering its American future.
Asked about certain concerns of the industry concerning the division of legislation on cryptography in two rather than a combined and unique effort to improve its chances, he declared that the details could always be developed, although he is currently focusing on a bill on stable-places followed rapidly by the legislation on the structure of the market.
The crypto pushes, which he said that “some will represent as a chaotic process”, is like this way because this is always the case in the development of government policies “when you try to make the change.”
“We are talking about revolutionizing a financial market which has been essentially archaic for three decades,” he said. “I just think people should be very excited by what will happen.”
