Trump Aims for Stablecoin Law by August as He Reshapes U.S. Crypto Approach

During a recent White House crypto summit, President Donald Trump expressed his intention to have stablecoin regulations on his desk by August.

He emphasized his support for efforts to pass stablecoin bills, alongside legislation addressing market structure, as part of his administration’s broader approach to reshape the federal government’s stance on cryptocurrency.

Trump stated that he hoped legislators would be able to send the bills before the August recess. The summit, which gathered key players from the crypto industry, including executives from leading exchanges and several lawmakers, also focused on important regulatory and policy issues. Key attendees included Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, SEC Commissioner Hester Peirce, and CFTC Chair Caroline Pham.

A notable topic of discussion was “debanking,” with Trump calling for an end to the controversial “Operation Choke Point 2.0,” a policy that critics claim pressures banks into cutting ties with crypto businesses. He also mentioned that previous administrations had weaponized government powers against the crypto industry, a stance he vowed to reverse.

Additionally, Trump signed an executive order to create a strategic Bitcoin reserve and a broader digital asset stockpile, capitalized with seized BTC and other digital assets. This move signifies a commitment to integrate crypto into U.S. financial strategies, despite earlier criticisms about the inclusion of less popular cryptocurrencies like ADA, XRP, and SOL.

Industry leaders like Sergey Nazarov from Chainlink and other attendees discussed strategies for making the U.S. the leader in the digital asset space, with an emphasis on aligning the country’s approach with real-world assets.