TORONTO – Despite the recent set-up, US President Donald Trump should be able to sign stubcoin and market structure laws before Congress takes a break in August, White House official Beau Hines said Wednesday.
Lawmakers are still discussing legislation, but this is a good thing, said Hines, executive director of the Presidential Advisory Council on Digital Assets, on the Toronto Consensus 2025 stage.
“The negotiations are ongoing,” he said. “But it remains immovable to my optimism we are trying to achieve. The president’s desire is to do that — but the law of retention and market structure before the August break.”
Still, he acknowledged that the legislative process is “evolving.”
Earlier in the day, Hines said it would not bring about a conflict of interest, not just a partnership between Trump’s Crypto Ventures and the president’s family.
“His sons have the right to engage in the capital market as private businessmen, as someone else does in the US,” he told Coindesk TV. “I’m not inconsistent in doing so. By the way, it should be exciting that they are engaged in this field. If you’re a good business person, you should look at your digital assets and say, ‘How can you get involved?’ This is because it is the finances of the next generation. ”
He repeated this argument on stage with consensus.
“As we begin these tariff and trade negotiations, we want to establish ourselves as leaders in digital asset finance technology more generally,” he said.
Asked on CDTV about reports that a small company was buying Trump coins, Hines said, “I say very firmly, the US president can’t buy it.”
The White House and its working group members are still working on strategic Bitcoin reserves, Hines said on the stage.
