Trump's 'Crypto Advisor' Aims for Stablecoin Law Signing by August

Bo Hines, a director of the U.S. 'Presidential Digital Asset Advisory Committee,' stated that "President Donald Trump could sign the stablecoin law by August this year."

According to CoinDesk on the 14th (local time), Hines made this statement while attending 'Consensus 2025' held in Toronto, Canada. Hines said, "Negotiations on the stablecoin law are ongoing," and emphasized, "We must ensure the legislation is passed before Congress adjourns in August."

He also addressed concerns about potential conflicts of interest regarding the Trump family's cryptocurrency business. Hines stated, "President Trump's sons have the right to participate in the capital markets like any other private entrepreneur in the U.S.," and added, "I do not see the Trump family's business as a conflict of interest." He continued, "A competent entrepreneur should look at digital assets and think, 'How can I participate?' because digital assets are the next generation of finance."