Alright, so get this – the senior presidential aide out there is all about defending the Trump family’s crypto connections. Like, can you believe it? Updated on May 14, 2025, at 9:58 p.m., this news was published at 9:34 p.m. out in Toronto. White House official Bo Hines came out swinging on Wednesday, saying that despite some recent hiccups, President Donald Trump is on track to sign off on stablecoin and market structure laws before Congress takes off for vacation in August.
Hines, who heads up the President’s Council of Advisers on Digital Assets, spilled the beans at Consensus 2025 in Toronto. He said that lawmakers are still hashing out the details of the legislation, which he seems pretty pumped about. “Negotiations are still going down,” he declared. “But I’m feeling pretty confident that we’re gonna make it happen – the President is all about it – before the August break, stablecoin legislation and all.”
Even though he’s feeling good about the whole thing, Hines did admit that the legislative process is still “evolving.” He’s got faith in the process, though, and is keeping his eyes on the prize. Hines also made it clear that he doesn’t see any issues with Trump’s crypto ventures or his family’s involvement in the field. According to him, it’s all fair game. “His sons have every right to dive into the capital markets as private business people, just like anyone else in the U.S.,” he spilled on CoinDesk TV. “I don’t see any conflict in that. In fact, I think it’s great that they’re getting into this space. If you’re a savvy business person, you should be eyeing digital assets and thinking, ‘how can I get in on this?’ Because this is the future of finance, my friends.”
On stage at Consensus, Hines doubled down on his stance. He pointed out that as the U.S. gets into the nitty-gritty of tariff and trade negotiations, it’s important to establish a strong foothold in the world of digital asset financial technology. And when asked about some whispers of a small company snapping up TRUMP coins, Hines shut it down real quick. “Let me make this crystal clear – the president of the United States cannot be bought,” he asserted. The White House crew is also still cooking up a strategic Bitcoin reserve, Hines mentioned during his time on stage.
Nikhilesh De, CoinDesk’s go-to guy for global policy and regulation, is all over this story. He’s keeping an eye on regulators, lawmakers, and institutions, and he’s got a stake in the game too – owning less than $50 in BTC and less than $20 in ETH. The man even snagged a Gerald Loeb award for his coverage of the FTX saga back in 2023, and was crowned the Journalist of the Year by the Association of Cryptocurrency Journalists and Researchers in 2020.
So there you have it, folks. The Trump family’s crypto ties are still holding strong, and the White House is pushing forward with plans for stablecoin and market structure legislation. With Hines leading the charge, it looks like we’re in for some interesting times ahead in the world of digital assets.
