Stablecoin and cryptocurrency market regulation expected to receive approval by August – Bo Hines

The Trump administration is seeking to finalize legislation regarding stablecoins and the structure of the cryptocurrency market prior to the congressional recess scheduled for August 2025, as noted by Bo Hines, the executive director of the President’s Council of Advisors on Digital Assets.

During a recent discussion with Bitcoin Magazine, Hines provided insight into a policy roadmap divided into three phases and shared intentions to establish a Strategic Bitcoin (BTC) Reserve by adopting budget-neutral strategies.

He confirmed that the administration is collaborating with congressional leaders to push forward two significant bills, one dedicated to stablecoins and the other to the comprehensive digital asset market framework.

The aim is for these pieces of legislation to serve as the groundwork for a new federal regulatory framework. If passed, a report from various agencies on digital assets, initiated by a previous executive order, will enhance these bills.

This report will detail how federal agencies plan to implement the proposed new framework.

Hines expressed strong confidence in the bipartisan support for both pieces of legislation.

Three-phase policy structure

According to Hines, the digital asset agenda will unfold in three phases: demolition, construction, and implementation.

The demolition phase involves reversing previous regulatory actions viewed as detrimental to cryptocurrency advancement.

This process includes dismantling enforcement patterns linked to Operation Chokepoint 2.0 and conducting the inaugural White House crypto summit to engage with industry players directly.

Operation Chokepoint 2.0 refers to the purported actions by U.S. financial regulators aimed at limiting crypto companies’ access to banking services.

The construction phase will center on legislative development and policy coordination, while the final implementation phase will embed blockchain technologies into the U.S. financial landscape.

Hines described this long-term approach as a thorough strategy for reengineering payment systems and restoring the U.S.’s competitive edge in financial technology.

Strategic Bitcoin Reserve

In conjunction with its legislative efforts, Hines emphasized plans for establishing a Strategic Bitcoin Reserve (SBR).

The Department of the Treasury is currently reviewing agency holdings and assessing pathways for acquisition in line with the executive order issued in March.

Hines reported the audit is proceeding well, with full participation from various agencies, and that the Treasury is consolidating data to support future actions.

The executive order mandates that BTC accumulation under the SBR is to be budget-neutral, ensuring no additional taxpayer cost. Considerations include revaluing gold certificates, leveraging government-owned energy assets, and conducting mining operations on federal property.

A working group is currently evaluating proposals to identify and implement the most effective approach.

Hines stated:

“We aim to act as quickly as possible. There is certainly a competitive dynamic regarding the accumulation of this asset, much like there is with gold.”

Additionally, he remarked that the U.S. views Bitcoin as “digital gold” and plans to amass it using responsible fiscal strategies.

Beyond the SBR, the administration is also focusing on creating national reserves of various digital assets to foster wider innovation in the blockchain space, a move that has received approval under the executive order from March.

Nonetheless, Hines reiterated that Bitcoin remains central to the administration’s long-term vision for economic leadership.

He concluded:

“We have prepared ourselves to become the leading Bitcoin superpower globally, and we will fulfill the president’s objectives in this regard.”