Bo Hines rejected the accusations of the opponents of the US president that Donald Trump’s personal interest and his family members in cryptocurrency projects, including the promotion of Trump tokens, could affect the agreement in the Congress of the Law on Regulation of Steabelcoins.
Hines said that “the President of the United States is impossible” and emphasized the commitment of the new administration of the White House with a transparent cryptopolitics. Hines explained the delay in the adoption of the two -party law on stabiblcoin Law with difficulties in achieving a consensus between Congress and a bank lobby, fearing competition from cryptocurrencies.
Hinnes added that Trump handed over to the management of his cryptocurrency business projects to third-party lawyers to avoid conflict of interests and charges of favoritism.
“We want the United States to become a cryptostostolic in the world, but this does not mean that we will indulge in whatever private interests,” Hines said.
The official believes that the legislative process on stablecoin is successfully moving, and Trump can sign this law before the end of the summer of 2025, if all interested parties and the congress have reached consent.
Hines also noted that the country has reserves in 192 012 BTC. At the same time, the White House studies the “budget-neutral” methods of increasing the stocks of flagship cryptocurrency, including income from new customs tariffs and a reassessment of gold certificates, as proposed by Senator Cynthia Lummis.
Earlier, Bo Hines in the Coindesk podcast said that the United States intends to actively build up BTC reserves and consider bitcoin as a strategic asset comparable to “digital gold”.
Source: Bits
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