Stablecoins, Crypto And Legislation: Trump Could Change The Game This Summer

Donald Trump’s captains remain loyal to their admiral. Despite the years when Joe Biden and Gary Gensler clearly muzzled the sector, a major breakthrough in crypto legislation is underway. This year, a legal framework will finally come to fruition in the United States. This resurgence of legislative activity shows that crypto will no longer be left in the shadows. The market is awaiting this turning point which could redefine the rules of the game.

United States: Crypto Legislation at the Time of Intense Negotiations

Bo Hines, senior advisor at the White House, expressed his optimism about the stablecoin bill at Consensus 2025:

I am extremely optimistic. I believe we will fulfill the president’s wish to have a stablecoin and market structure bill on his desk before the August recess.

Discussions focus on two essential bills, the stablecoin law and the law regulating the crypto market structure. A broader American strategy is taking shape, including the possible creation of an official bitcoin reserve, an innovative project aimed at securing the United States’ place in digital finance.

However, Hines describes the process as “evolutionary“. Negotiations remain complex due to divergent interests and sometimes heated debates. The Senate had to remove clauses targeting the Trump family to advance the stablecoin bill.

This decision illustrates the necessary compromises in this matter. For crypto players, this framework could be the first step towards a safer and more stable environment. The industry demands clear and pragmatic rules in light of its rapid growth.

Donald Trump, Crypto, and the Political Game

The involvement of the Trump family in crypto is divisive. Bo Hines defends their right:

His sons have the right to engage in financial markets as private businessmen, like anyone else in the United States.

He adds: “I see no conflict of interest“. This stance supports a positive, more entrepreneurial interpretation of crypto. However, the media hype around Trump crypto projects complicates bipartisan discussions, according to Republican Congressman French Hill. Despite these tensions, both parties agree that crypto legislation must progress quickly.

Furthermore, the recent removal of clauses targeting Trump in the Senate does not erase criticism toward certain projects associated with his family. American crypto is caught between the hope for a clear legislative framework and political rivalries. This shadow play illustrates the difficulties in reconciling private interests, public issues, and technological innovation.

Time is running out, as the industry and lawmakers know that international competition in crypto is intensifying.

Crucial Points to Watch

As crypto legislation progresses in the United States, some key elements emerge. These points reflect both major advances and necessary compromises. They illuminate the expected trajectory of this highly anticipated regulation.

• Bo Hines has confirmed that the signing of laws is planned before the Congressional recess in August, a clear deadline;
• Two fundamental projects are under discussion: the stablecoin law (GENIUS Act) and the crypto market structure law, which aim to secure and regulate the sector;
• An ongoing innovative initiative is the possible creation of an official strategic reserve in bitcoin, enhancing the United States’ competitiveness in digital finance;
• The White House does not consider the Trump family’s involvement in crypto as a conflict of interest, easing some concerns;
• The Senate removed clauses targeting the Trump family in the stablecoin project to facilitate its adoption, evidence of the concessions necessary in the negotiations.
  

These crucial points show that despite obstacles, the United States is getting closer to a structuring legal framework for crypto.

The stablecoin bill still faces hurdles, mainly from Democrats in the Senate. A prominent figure of this opposition, Elizabeth Warren, has just received a barrage of criticism from Ripple’s legal chief. This standoff illustrates the divide running through the American crypto debate, just weeks from a decisive deadline.