White House adviser: Trump administration strives to promote encryption legislation before August and study Bitcoin strategic reserves

At the Consensus 2025 conference held in Toronto, Bo Hines, executive director of the White House Digital Asset Advisory Committee, made it clear that the Trump administration is actively promoting legislation on stablecoins and digital asset market structures, with the goal of completing the signing of relevant bills before Congress adjourns in August this year. This statement highlights the current government's policy orientation of making digital assets a strategic priority.

Hines pointed out that despite the practical challenges facing the legislative process, the relevant negotiations are currently proceeding in an orderly manner, and the government remains optimistic about the feasibility of the legislation on the timetable. He emphasized that the legislation will establish a clear and unified regulatory framework for the US digital asset industry, enhance market confidence, and promote the compliance development of the industry.

Hines responded to recent public doubts about the relationship between the Trump family and the cryptocurrency business. He said that as private enterprise entities, the president's children have the right to participate in the digital asset market in accordance with the law, and their behavior is within the legal scope. He further pointed out that reports about companies purchasing "TRUMP" tokens will not have any impact on the president's policy decisions, emphasizing that the White House will adhere to the promotion of relevant policies based on national interests and financial innovation.

It is worth noting that Hines also confirmed that the White House working group is conducting in-depth research on the "Bitcoin Strategic Reserve Plan". This plan aims to assess the feasibility of the government holding Bitcoin as a reserve asset, and its core goal is to strengthen the United States' position in the global digital financial competition landscape.

This strategy continues the Trump administration's "active and forward" approach to crypto policy in recent years. Unlike the previous governments' response mode of mainly law enforcement, the current government is more inclined to systematically promote the construction of the US digital asset ecosystem through legislation, regulatory coordination and industrial policies.

Analysts pointed out that if the relevant legislation is successfully passed before August, the United States is expected to become the first major economy to establish a federal legal framework for stablecoins, and it will also set an important benchmark for global digital asset governance. Once the Bitcoin Strategic Reserve Plan is implemented, it will further strengthen the position of Bitcoin in the national financial strategy and arouse the deep attention of global central banks and sovereign funds.