Trump Expected to Sign Stablecoin Crypto Laws by August

White House advisor Bo Hines announced at the Consensus Toronto 2025 event that President Trump aims to sign key cryptocurrency legislation, including rules for stablecoins and market structure, by August before Congress breaks. Despite political delays and ongoing negotiations, there is optimism about establishing a comprehensive U.S. framework for crypto innovation, with bipartisan support recognizing the importance of not falling behind globally. However, recent legislative efforts to pass a Senate stablecoin bill encountered setbacks due to disagreements over provisions targeting Trump family crypto profits, which have been excluded from the final compromise. Senators Cynthia Lummis and Kirsten Gillibrand emphasized that the bill focuses on broader consumer protection, bankruptcy, and ethics regulations rather than addressing individual ethics issues related to Trump. Hines also defended the Trump family's involvement in crypto as legitimate private business activity and highlighted ongoing efforts to develop a strategic Bitcoin reserve as part of the U.S. digital asset strategy. Overall, while details are still evolving, there is strong bipartisan momentum toward creating a stable and regulated crypto market in the U.S.