TORONTO — Despite a recent setback, U.S. President Donald Trump should be able to sign stablecoin and market structure legislation before Congress goes on break in August, stated White House official Bo Hines on Wednesday.

Lawmakers continue discussions around the legislation, which is positive, according to Hines, who appeared at Consensus 2025 in Toronto. “Negotiations are ongoing,” he remarked. “But I remain steadfast in my optimism that we can achieve stablecoin legislation and market structure legislation before the August recess.”

Still, he acknowledged that the legislative process is evolving.

Hines previously asserted that Trump’s cryptocurrency ventures and those of the president’s family do not present conflicts of interest. “His sons have the right to engage in capital markets as private businesspeople, like anyone else does in the U.S.,” he stated on CoinDesk TV. “I don’t see any conflict in doing so… If you are a good business person, you should be looking at digital assets and saying, ‘how can I get involved?’ Because this is the next generation of finance.”

He reiterated this perspective on stage at Consensus.

“As we launch these tariff negotiations and as trade negotiations unfold, we aim to position ourselves as a leader in the digital asset financial technology sector,” he said.

When questioned on CDTV about reports of a small company buying TRUMP coins, Hines firmly asserted, “the president of the United States can’t be bought.”

The White House and its working group continue to develop a strategic Bitcoin reserve, according to Hines during his speech.