The administration of President Donald Trump aims to complete the legislation for the structure structure of Stablecoin and Crypto before the August 2025 congress recesses, according to Bo Hines, executive director of the President’s Council of Advisors on Digital Assets.
In a recent interview with Bitcoin Magazine, Hines outlined a three -phase policy route map and discussed plans to initiate a strategic Bitcoin (BTC) reserve through budget -neutral resources.
He confirmed that the administration works closely with congress leadership to promote two important accounts, a focused on stablecoins and another on the wider market structure of digital assets.
The goal is to use both to form the basis of a new federal regulatory framework. If determined, an 180-day interior report on digital assets that have been established under the first executive order of the Trump administration will supplement the accounts.
The report will outline how federal agencies are planning to operationalize the new framework.
Hines Added:
“We are extremely confidence that both documents will continue legislation with two -part support.”
Three -phase policy structure
Hines said that the digital activity of the administration will be structured in three phases: demolition, construction and implementation.
The demolition phase included the reversing of regulatory measures of the earlier administration, which were considered hostile to the development of crypto.
This included dismantling enforcement patterns associated with Operation ChokePoint 2.0 and organizing the first crypto top of the White House to enter into directly with stakeholders in the industry.
Operation ChokePoint 2.0 is the name given to the alleged efforts of American financial supervisors to hinder the access of cryptom companies to banking services.
The construction phase focuses on legislative efforts and policy coordination, while the implementation phase will follow, so that blockchain technologies are integrated into the American financial system.
Hines described this long-term plan as an extensive approach for re-engineering payment systems and to recover the US competitive advantage in financial technology.
Strategic Bitcoin -Reserve
In addition to his legislative initiatives, Hines emphasized that the Trump administration is preparing for creating a Strategic Bitcoin Reserve (SBR).
The Treasury department is currently a Holdings of Bureau and evaluates acquisition paths according to the Executive Order signed in March.
Hines noted that the audit was smoothly provided with full participation of the agency and that the treasury is now collecting data to support the following steps.
The executive order requires BTC accumulation under the SBR to follow a budget-neutral model, which does not provide any extra burden for taxpayers. Ideas in consideration include resuming Gold certificates, generating income with the energy assets brought by the government and performing mining activities on the federal country.
A working group is to assess proposals to determine and implement the most efficient method.
Hines revealed:
“We want to move as quickly as possible. There is definitely a kind of space competition because it relates to the accumulation of this active, no different than with gold.”
Moreover, he stated that the US regards Bitcoin as ‘digital gold’ and is planning to collect as much as possible as possible with the help of tax -responsible mechanisms.
In addition to the SBR, the administration develops national supplies of other digital assets to support broader innovation within the blockchain sector, which was also approved under the executive order that was signed in March.
Nevertheless, Hines confirmed that Bitcoin remains central in the vision of the administration for long -term economic leadership.
He concluded:
“We have positioned ourselves as the Bitcoin -Suuperkracht of the world, and we are going to give the president’s priorities with regard to that.”