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Cryptocurrency News Articles
Bo Hines, executive director of the Presidential Working Group on Digital Assets, is confident that stablecoin legislation could be on President Donald Trump’s desk within two months.
Mar 19, 2025 at 02:53 am
coin Legislation Could Reach President Donald Trump's Desk in Two Months
Bo Hines, executive director of the Presidential Working Group on Digital Assets, shared his optimistic view that stablecoin legislation could land on President Donald Trump's desk within two months.
Bo Hines, executive director of the Presidential Working Group on Digital Assets, shared his optimistic view that stablecoin legislation could land on President Donald Trump's desk within two months.
Hines, who also leads the working group’s advisory council on digital assets, made the comments at the Blockworks Digital Asset Summit 2025 in New York on Tuesday. He was speaking alongside Kyle Samani, managing partner at Multicoin Capital. The news was shared by journalist and host of the Crypto America podcast Eleanor Terrett via X.
Stablecoins remain a top priority on the U.S. regulatory agenda.
Stablecoins remain a top priority on the U.S. regulatory agenda.
While things like the Bitcoin (BTC) strategic reserve have seen massive attention and input, stablecoins are one of the priorities and an agenda firmly on the U.S. regulatory landscape, said Hines.
"One of the things the president has said he wants to get done this year is legislation for stablecoins. They're getting a lot of momentum. I think we could see legislation on the president's desk within the next two months."
The comments come just days after the White House hosted its first-ever crypto summit.
The comments come just days after the White House hosted its first-ever crypto summit.
The meeting brought together key administration officials, members of Congress and industry executives to discuss pressing issues related to digital assets.
The U.S. Senate Banking Committee recently advanced the bipartisan GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act of 2025.
The committee vote on Tuesday morning saw support for the bill from both Republican and Democratic members. The vote on the bill was 18-6.
The legislation, which is supported by President Trump, would establish a comprehensive regulatory framework for stablecoins in the U.S. It would also provide clarity on the issuance and regulation of payment stablecoins.
Trump has already signed multiple executive orders related to crypto.
Trump has already signed multiple executive orders related to crypto.
Earlier this year, he said he will sign stablecoin legislation brought to his desk. Industry experts say the current pro-crypto environment could lead to a stablecoin regulatory framework as early as this year.
Stablecoins, which are cryptocurrencies pegged to assets such as the U.S. dollar, continue to see accelerated adoption. Tether (USDT) commands the largest share of the market, ahead of competitor Circle’s USDC (USDC).
In recent weeks, a lot of the regulatory heat on stablecoins has come in Europe where Markets in Crypto Assets rules meant some exchanges have moved to delist non-compliant stablecoins.
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- The body of a Russian soldier was found in a pond in the Kursk region of the Russian Federation.
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- As the April tax deadline approaches for more than 340 million Americans, crypto taxes are once again in the spotlight. But what's different this year?
- Mar 20, 2025 at 08:46 am
- Starting this year, the Internal Revenue Service (IRS) will require brokers — such as crypto exchanges, hosted wallet providers, and payment processors who handle crypto transactions — to report them on Form 1099-DA, a new form specifically for digital asset transactions.
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- Roxbury's Auction No. 142 Prepares to Showcase One of the Most Significant Coin and Banknote Sales of the Year
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