President Donald Trump’s administration aims to finalize stablecoin and crypto market structure legislation before the August 2025 congressional recess, according to Bo Hines, executive director of the President’s Council of Advisors on Digital Assets.
In a recent interview with Bitcoin Magazine, Hines outlined a three-phase policy roadmap and discussed plans to initiate a Strategic Bitcoin (BTC) Reserve through budget-neutral means.
He confirmed that the administration is working closely with congressional leadership to advance two key bills, one focused on stablecoins and another on the broader digital asset market structure.
The goal is to use both to form the foundation of a new federal regulatory framework. If enacted, a 180-day interagency report on digital assets established under the Trump administration’s first executive order will complement the bills.
The report will outline how federal agencies intend to operationalize the new framework.
Hines added:
“We feel extremely confident that both of these pieces of legislation will move forward with bipartisan support.”
Three-phase policy structure
Hines said the administration’s digital asset agenda will be structured into three phases: demolition, construction, and implementation.
The demolition phase involved reversing regulatory measures from the prior administration, which were viewed as hostile to crypto development.
This included dismantling enforcement patterns associated with Operation Chokepoint 2.0 and hosting the first White House crypto summit to engage directly with industry stakeholders.
Operation Chokepoint 2.0 is the name given to the alleged efforts by US financial regulators to hinder the access of crypto companies to banking services.
The construction phase focuses on legislative efforts and policy coordination, while the implementation phase will follow, integrating blockchain technologies into the US financial system.
Hines described this long-term plan as a comprehensive approach to reengineering payment systems and regaining the US’s competitive advantage in financial technology.
Strategic Bitcoin Reserve
Alongside its legislative initiatives, Hines highlighted that the Trump administration is preparing to create a Strategic Bitcoin Reserve (SBR).
The Department of the Treasury is currently auditing agency holdings and evaluating acquisition pathways per the executive order signed in March.
Hines noted that the audit has progressed smoothly with full agency participation and that the Treasury is now aggregating data to support the next steps.
The executive order demands that BTC accumulation under the SBR will follow a budget-neutral model, ensuring no additional burden on taxpayers. Ideas under consideration include revaluing gold certificates, monetizing government-held energy assets, and conducting mining operations on federal land.
A working group is reviewing proposals to determine and implement the most efficient method.
Hines revealed:
“We want to move as expeditiously as possible. There is definitely a sort of space race as it pertains to accumulation of this asset, no different than there is with gold.”
Additionally, he stated that the US considers Bitcoin “digital gold” and intends to accumulate as much as possible using fiscally responsible mechanisms.
In addition to the SBR, the administration is developing national stockpiles of other digital assets to support broader innovation within the blockchain sector, which was also approved under the executive order signed in March.
Nonetheless, Hines reaffirmed that Bitcoin remains central to the administration’s vision for long-term economic leadership.
He concluded:
“We’ve positioned ourselves to be the Bitcoin superpower of the world, and we’re going to deliver on the president’s priorities as it relates to that.”
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