Trump's crypto chief has announced the next two major targets. Bo Hines, the Executive Director of the White House Crypto Council, highlighted two critical goals on their crypto agenda: the stablecoin and market structure legislative proposals being on Trump's desk before August and the clarification of the idea of a 'National Digital Asset Inventory' with a 180-day report. Bo Hines, Executive Director of the White House Crypto Council, stated that there are two important goals related to cryptocurrency on the agenda.
According to Hines's statements to Bitcoin Magazine, one of these is the enactment of the bills being discussed in the parliament, and the other is the report that is requested to be ready within 180 days as stated in the first decree.
"So far, we have achieved good results from what we have done, but we have a lot more work to do," Hines said, adding that Trump wanted the legislative proposals regarding stablecoins and market structure on his desk before the August recess. Hines stated, "We respect the agenda of the Senate and House leaders, but I am sure that both proposals will come out with bipartisan support. Congressional leaders are also aware that the U.S. must be a global leader in digital assets and financial technology."
It will emerge whether the idea of "Digital Asset Inventory" is possible. Hines also stated that another target is the report mentioned in the first decree regarding cryptocurrencies signed by Trump.
The decree stated that within 180 days, the Presidential Digital Assets Working Group would present a report containing legal proposals aimed at developing the policies set forth by the decree. It was requested that the report include a proposal for a federal regulatory framework regarding the issuance and operation of crypto assets, including stable coins. Most importantly, it was noted that the working group would examine the feasibility of creating and maintaining a national digital asset inventory and would make recommendations in this regard.
Hines said, "This report will also provide a comprehensive vision. In other words, after the legislation comes into effect, institutions will clarify how they will approach the sector under the new framework. If we can complete these by August, we will definitely become the 'crypto capital of the world.'"
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Trump's crypto chief has announced the next two major targets.
Bo Hines, the Executive Director of the White House Crypto Council, highlighted two critical goals on their crypto agenda: the stablecoin and market structure legislative proposals being on Trump's desk before August and the clarification of the idea of a 'National Digital Asset Inventory' with a 180-day report.
Bo Hines, Executive Director of the White House Crypto Council, stated that there are two important goals related to cryptocurrency on the agenda.
According to Hines's statements to Bitcoin Magazine, one of these is the enactment of the bills being discussed in the parliament, and the other is the report that is requested to be ready within 180 days as stated in the first decree.
"So far, we have achieved good results from what we have done, but we have a lot more work to do," Hines said, adding that Trump wanted the legislative proposals regarding stablecoins and market structure on his desk before the August recess. Hines stated, "We respect the agenda of the Senate and House leaders, but I am sure that both proposals will come out with bipartisan support. Congressional leaders are also aware that the U.S. must be a global leader in digital assets and financial technology."
It will emerge whether the idea of "Digital Asset Inventory" is possible.
Hines also stated that another target is the report mentioned in the first decree regarding cryptocurrencies signed by Trump.
The decree stated that within 180 days, the Presidential Digital Assets Working Group would present a report containing legal proposals aimed at developing the policies set forth by the decree. It was requested that the report include a proposal for a federal regulatory framework regarding the issuance and operation of crypto assets, including stable coins. Most importantly, it was noted that the working group would examine the feasibility of creating and maintaining a national digital asset inventory and would make recommendations in this regard.
Hines said, "This report will also provide a comprehensive vision. In other words, after the legislation comes into effect, institutions will clarify how they will approach the sector under the new framework. If we can complete these by August, we will definitely become the 'crypto capital of the world.'"