Trump Administration to Sign Stablecoin Act Before August Recess

Bo Hines, the Executive Director of the Presidential Advisory Council on Digital Assets, announced at the Consensus 2025 conference that President Trump is expected to sign the Stablecoin and Market Structure Act before the August congressional recess. This legislation is aimed at providing a regulatory framework for stablecoins and improving market structure in the digital asset space. Hines emphasized that while the details are still being finalized, the administration is committed to moving forward with the legislation.

In response to inquiries about the Trump family's involvement in the cryptocurrency business, Hines stated that the President's children, as private investors, are acting legally and compliantly. He underscored that "the President cannot be bought," highlighting the administration's commitment to ethical standards. Hines also revealed that the White House remains dedicated to promoting a strategic Bitcoin reserve, indicating a continued interest in integrating digital assets into the nation's financial strategy.

This development comes as the U.S. continues to grapple with the regulatory challenges posed by the rapidly evolving digital asset landscape. The Stablecoin and Market Structure Act is seen as a crucial step in providing clarity and stability to the market, which has long been plagued by regulatory uncertainty. The legislation is expected to address issues such as consumer protection, market integrity, and the role of stablecoins in the financial system.

Hines' announcement at Consensus 2025 underscores the administration's proactive approach to digital asset regulation. The conference, known for bringing together industry leaders, policymakers, and innovators, provided a fitting platform for Hines to share these updates. The expected signing of the legislation before the August recess signals a sense of urgency and commitment from the administration to address the regulatory needs of the digital asset industry.

The White House's continued support for a strategic Bitcoin reserve further highlights the administration's recognition of the potential role of digital assets in the broader financial ecosystem. This move is likely to be welcomed by industry stakeholders who have long advocated for clearer regulatory guidelines and greater integration of digital assets into traditional financial systems.

As the digital asset industry continues to evolve, the expected signing of the Stablecoin and Market Structure Act represents a significant milestone in the regulatory journey. The legislation is poised to provide much-needed clarity and stability, paving the way for further innovation and growth in the sector. The administration's commitment to ethical standards and strategic integration of digital assets bodes well for the future of the industry, as it seeks to navigate the complexities of the digital age.