Toronto – Despite a recent setback, US President Donald Trump should be able to sign legislation on the structure of the stables and the market structure before the congress break in August, the White House manager said on Wednesday.
The legislators still discuss the legislation, which is good, said Hines, executive director of the President’s Council of Councilors on digital assets, on stage at the 2025 consensus in Toronto.
“Negotiations are underway,” he said. “But I remain firm in my optimism that we will achieve – the desire of the president is to do so – but stablecoin legislation and legislation on the structure of the market before the recess of August.”
However, he recognized that the legislative process was “evolving”.
Hines said earlier than Trump’s Crypto companies, as well as bonds from the president’s family, made no conflict of interest.
“His sons have the right to engage in capital markets as private business people, like anything else in the United States,” he said on Coindesk TV. “I don’t see any conflict by doing so. Because it’s the next generation of finance.”
He repeated this argument on stage at consensus.
“While we are launching these tariff negotiations and these commercial negotiations are played out, we want to establish ourselves as a leader in the financial technology of digital assets more generally,” he said.
Asked about CDTV on the reports that a small business bought Trump parts, Hines said: “I will say very firmly, the President of the United States cannot be bought.”
The White House and the members of its working group are still working on a Bitcoin strategic reserve, Hines said on stage.
