🚨 White House Eyes Pre-August Deadline for Crypto Laws 🚨

Bo Hines, executive director of the Presidential Council of Advisers for Digital Assets, confirmed the White House’s intent to sign both the stablecoin and market structure bills before the Aug. break.

Hines said on May 13 that although negotiations were ongoing, “it’s the President’s desire” to finalize both packages in time. He did not comment on the ethics concerns raised about Trump’s crypto businesses but reiterated that the administration supports regulatory clarity.

Gillibrand attempted to separate the ethics debate from the bill’s core aim. “It’s not an ethics bill,” she said. “If we were dealing with all President Trump’s ethics problems, it would be a very long and detailed bill.”

Despite the political friction, bipartisan lawmakers and industry leaders now appear aligned on the urgency to regulate U.S. dollar-backed stablecoins. With midterms approaching, the crypto industry is racing against time—and political distractions—to secure foundational legislation.

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