White House officials: Trump still plans to sign cryptocurrency legislation before August

ChainCatcher news, according to CoinDesk, Bo Hines, the executive director of the White House Digital Asset Advisory Committee, stated at the Consensus 2025 conference in Toronto that despite challenges in the legislative process, the Trump administration still plans to complete the signing of bills related to stablecoins and market structure before the August congressional recess. Hines emphasized that current legislative negotiations are actively progressing, and the government remains optimistic about this timeline.

In response to recent public skepticism regarding the Trump family's involvement in the cryptocurrency business, Hines stated that the president's children, as private business entities, have the legal right to participate in the capital markets and believe that digital assets represent the future direction of the financial industry. He also made it clear that reports about companies purchasing TRUMP tokens will not affect presidential decision-making.

Additionally, Hines confirmed that the White House working group is still researching specific implementation plans for establishing a Bitcoin strategic reserve program. This statement continues the Trump administration's policy direction to maintain the United States' leading position in the digital asset space.