The strategists for two bills of the United States aimed at creating a supervisory regime for Crypto are establishing plans this week to approve legislation in the summer, Bo Hines, the White House official at the center of those efforts, he told Coindesk.
Hines, who President Donald Trump hired as Executive Director of the Presidential Council of Digital Assets Advisors, told COINDESK in an interview that the procedures are being resolved to transfer the legislation on the regulation of Stablecoin issuers, and cryptography advocates in the White House and Congress to a larger bill that will establish a regulatory regimes of the United States for the United States THE CRYPTES OF USA. UU.
The progress so far puts the efforts “well in pace to achieve what the president wants,” he said, that both projects of Cryptocurrencies arrive at the Trump desktop to obtain signatures before Congress takes his summer break in August.
The president’s advisor, who is a speaker in consensus 2025 in Toront cameras, but we still have the approval of the two. You know, we are in a really good place to approve and signed, “he said.” He sits the foundations for everything we can do. “
He said that the most complex commitment to write laws on how the United States should monitor general markets should arise in bills “in the coming weeks.”
Trump businesses
While Congress moves unusually fast, Democrats that Democrats have criticized the interests of Democrats who accuse Trump of incorrectly benefiting from their own policies and inviting the foreign influence of investors on their family’s projects. Trump’s interests include participations in World Liberty Financial and the president’s memecoin itself, $ Trump. Hines retreated, saying that the rise of cryptography has presented attractive innovations for investors.
“Any good business person would participate in a market opportunity like that,” he said. “So, you know, I don’t see it as harmful in any capacity.”
The president and his family have the “ability to commit to any market they consider convenient,” said Hines.
“We are closely focused on doing the best for the United States to turn the United States into the world of the cryptographic capital, regardless of the golden age of digital assets, and we have our folders in everything else,” he said. “That is what the president asked us to do, and we will fulfill his wishes.”
The 29 -year -old White House official is known as a firm loyal from Trump, who had supported the former university soccer player in the first of his two North Carolina Congress campaigns. Despite his relative inexperience in the cryptographic field, Trump raised Hines to a higher paper in the White House to work with Crypto Czar David Sacks and acting as a “Sherpa between the White House policy, the inteating activity, the industry and what is happening in Capitol Hill”, as Hines described it.
“We move at a speed that no other administration has been able to move before,” said Hines.
Bitcoins reserve
Many in the digital asset industry had cried out for a reserve of digital assets at the federal level, although the idea of how to address it varies widely. The promises of the Trump campaign increased towards reality in March when he ordered his administration to start working in a Bitcoin (BTC) reserve and a separate reserve from other cryptographic assets.
A disappointment point for those who had desired him was that Trump insisted that the reservation was neutral of the budget, which means that no new money from the taxpayers would go to acquire assets for the reserve.
Hines has been an outstanding reinforcement of this effort. He said that the audit directed by the treasure of US Crypto Holdings, which must be done to discover the scope of the assets (until now without measurement) that will go to the reserves, is quickly progressing. The Treasury Department is now going through audit reports of several corners of the United States government, he said.
Trump had ordered his administration to elaborate ideas on how to add further to the funds without touching taxpayers, and Hines said they are still “developing the best ideas.”
“I don’t think there is only one resolution in which we say: ‘This is the way we are going’. I think there could be multiple ways in which we get involved in this,” said Hines, “we see Bitcoin as digital gold, and we want to accumulate everything we can.”
It did not have a timeline in mind for when the first tokens will begin to be stacked as an investment of the United States government in the long term.
Various views
The transition from President Joe Biden to the Trump administration has been marked for the industry, until recently a objective of suspicion of the government and now held as an innovative movement that should be promoted. The regulatory agencies, such as the Bag and Securities Commission, have reversed the policies and have begun cryptographic round tables behind the doors that had largely closed to the discussions of digital assets. And Trump himself celebrated a cryptographic summit in the White House room, where state dinners are organized.
“We move at a speed that no other administration has been able to move before,” said Hines.
Hines said he has had up to 200 meetings with cryptocurrencies in his short period in government, and granted that his opinions can vary widely. But he believes that the industry is largely aligned where he must be as Congress and regulators are considering their future of the United States.
When asked about some industry concerns about dividing cryptographic legislation by two instead of a combined and unique effort to improve their probabilities, he said that details could still be resolved, although he has currently focused on a Stablcoin bill, quickly followed by market structure legislation.
The Push Crypto, which said “some will portray as a chaotic process,” is seen that way because that is always the case in the formulation of government policies “when you try to make the change.”
“We are talking about revolutionizing a financial market that has basically been archaic during the last three decades,” he said. “I think people should be very excited about what will come.”
