PANews, May 15, reports from CoinDesk that Bo Hines, the executive director of the U.S. Presidential Advisory Council on Digital Assets, stated at the Toronto Consensus 2025 conference that despite uncertainties in the legislative process, Trump is still expected to sign the stablecoin and market structure legislation before the August congressional recess. Hines noted that current negotiations are progressing well, but acknowledged that legislative details are still being adjusted.
In response to questions about the conflict of interest regarding the Trump family's involvement in the cryptocurrency business, Hines emphasized that the president's children participating in the capital market as private investors is a legal right and believes that digital assets represent the future direction of the financial industry. When asked about reports of a company purchasing TRUMP coins, he stated clearly that 'the President of the United States cannot be bought.' Additionally, Hines mentioned that the White House and its working group members are still committed to establishing a strategic Bitcoin reserve.
