White House official: Trump still plans to sign the cryptocurrency bill by August

According to CoinDesk, Bo Hines, executive director of the White House Digital Asset Advisory Council, said at the Toronto Consensus 2025 conference that despite the challenges in the legislative process, the Trump administration still plans to complete the signing of stablecoins and market structure-related bills before Congress adjourns in August. Hines stressed that the current legislative negotiations are still actively progressing and the government remains optimistic about the timetable.

In response to recent public doubts about the Trump family's involvement in the cryptocurrency business, Hines responded that the president's children, as private business entities, have the right to participate in the capital market in accordance with the law, and believes that digital assets represent the future development direction of the financial industry. At the same time, he made it clear that reports of companies buying TRUMP tokens will not affect presidential decisions.

In addition, Hines confirmed that the White House task force is still working on the specific implementation of the plan to create a strategic reserve for Bitcoin. This statement continues the Trump administration's policy direction to push the United States to maintain its leading position in the digital asset space.

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