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crypto.news 2025-03-18 18:53:40

Bo Hines: Stablecoin bill could be signed into law within two months

Bo Hines: Stablecoin bill could be signed into law within two months

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. Hines shared this view at the Blockworks Digital Asset Summit 2025 in New York, where he spoke alongside Kyle Samani, managing partner at Multicoin Capital. The news was first reported by Eleanor Terrett, journalist and host of the Crypto America podcast, via X. https://twitter.com/EleanorTerrett/status/1902045840270668240 The comments come just days after the White House hosted its first-ever crypto summit. Hines, who leads the working group’s advisory council on digital assets, said stablecoins remain a top priority on the U.S. regulatory agenda. While things like the Bitcoin ( BTC ) strategic reserve have garnered massive attention and input, stablecoins are one of the priorities and an agenda firmly on the U.S. regulatory landscape. Hines believes the momentum in stablecoin regulation means the industry could see legislation reach Trump’s desk within the next two months. You might also like: Stablecoins now represent over 1% of US dollar money supply, data shows The comments come days after the U.S. Senate Banking Committee advanced the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025. The GENIUS Act received bipartisan support at the committee with a vote of 18-6. If passed into law, the legislation would establish a comprehensive regulatory framework for stablecoins in the U.S., providing clarity on the issuance and regulation of payment stablecoins. President Trump, who has already signed multiple executive orders related to crypto, has indicated 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 2025. 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. You might also like: GENIUS Act to set stablecoin rules, Circle celebrates: Is Tether’s compliance headache just beginning?

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