Trump Administration Aims to Finalize Crypto Legislation by August 2025

The Trump administration is set to finalize legislation on stablecoins and the broader crypto market structure before the August 2025 congressional recess. Bo Hines, executive director of the President’s Council of Advisors on Digital Assets, outlined this plan in a recent interview. The administration is working closely with congressional leadership to advance two key bills: one focused on stablecoins and the other on the overall digital asset market structure. These bills aim to form the foundation of a new federal regulatory framework.

Hines expressed confidence that both pieces of legislation will move forward with bipartisan support. He also mentioned that a 180-day interagency report on digital assets, established under the Trump administration’s first executive order, will complement these bills. The report will detail how federal agencies plan to operationalize the new framework.

The administration’s digital asset agenda is structured into three phases: demolition, construction, and implementation. The demolition phase involved reversing regulatory measures from the prior administration that were seen as hostile to crypto development. This included dismantling enforcement patterns associated with Operation Chokepoint 2.0 and hosting the first White House crypto summit to engage directly with industry stakeholders.

The construction phase focuses on legislative efforts and policy coordination, while the implementation phase will integrate blockchain technologies into the US financial system. Hines described this long-term plan as a comprehensive approach to reengineering payment systems and regaining the US’s competitive advantage in financial technology.

In addition to legislative initiatives, the Trump administration is preparing to create a Strategic Bitcoin Reserve (SBR). The Department of the Treasury is currently auditing agency holdings and evaluating acquisition pathways per the executive order signed in March. Hines noted that the audit has progressed smoothly with full agency participation and that the Treasury is now aggregating data to support the next steps.

The executive order demands that BTC accumulation under the SBR will follow a budget-neutral model, ensuring no additional burden on taxpayers. Ideas under consideration include revaluing gold certificates, monetizing government-held energy assets, and conducting mining operations on federal land. A working group is reviewing proposals to determine and implement the most efficient method.

Hines revealed that the US considers Bitcoin “digital gold” and intends to accumulate as much as possible using fiscally responsible mechanisms. In addition to the SBR, the administration is developing national stockpiles of other digital assets to support broader innovation within the blockchain sector. However, Hines reaffirmed that Bitcoin remains central to the administration’s vision for long-term economic leadership.

Hines concluded by stating that the US aims to position itself as the global leader in Bitcoin, delivering on the president’s priorities in this area. The administration’s efforts to finalize stablecoin and crypto market structure legislation by August 2025, along with the creation of the SBR, demonstrate a strong commitment to integrating digital assets into the US financial system and maintaining its competitive edge in financial technology.