Bo Hines, Donald Trump’s advisor on cryptocurrency matters, outlined his hopes for significant regulatory changes within the crypto sector by August. He emphasized a focus on passing stablecoin legislation before Congress reconvenes in session that month. Despite recent negative feedback regarding the GENIUS bill’s rejection, Hines expressed optimism about its eventual passage along with market structure regulations. Hines highlighted ongoing discussions surrounding stablecoin legislation and reiterated the President’s desire for these bills to be passed before August recess. He also addressed concerns around potential conflicts of interest regarding Trump family involvement in cryptocurrency projects, stating that his children have a right to participate as private investors. He emphasized this is not a conflict of interest. Finally, Hines announced continued work on a strategic Bitcoin reserve for the White House.