Trump crypto chief says we are in the 'golden age' for digital assets, 'clearing the deck' of Biden barriers

EXCLUSIVE: President Donald Trump wants to marque the U.S. the "crypto superior of the world," and a apical White House cryptocurrency argumentation authoritative said that the medication is good connected its mode to ushering successful "the aureate property for integer assets." 

Bo Hines, enforcement manager of the President's Council of Advisers connected Digital Assets, sat for an exclusive interrogation with Fox News Digital this week to outline the Trump administration’s enactment frankincense acold successful the cryptocurrency space.

Bo Hines is the enforcement manager of the president's assembly connected integer assets.  (AP Photo/Chris Seward, File)

Cryptocurrency, oregon "crypto" for short, is simply a integer currency successful which transactions are verified and records maintained by a decentralized strategy utilizing cryptography that enables unafraid online payments for individuals oregon businesses.

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"The president has made this a priority, and it is simply a testament to his enactment and his cognition successful the space," Hines explained. "Unlike immoderate president earlier him, helium has genuinely embraced this technological improvement successful a mode that nary 1 other has, which has allowed america to bash what we request to bash to marque the United States the crypto superior of the world." 

Hines told Fox News Digital that officials person focused connected "clearing the deck" and ensuring that "what was happening nether the Biden regulatory authorities has been rescinded and repealed." 

Under the Biden administration, Hines said Americans utilizing cryptocurrency went "offshore owed to the quality of attacks they specifically received nether the Biden regime." 

"We volition commencement seeing a batch of those players travel backmost to the United States successful abbreviated bid because, look, we are the top state successful the world. People privation to innovate here. People privation to physique here. And this abstraction is nary different," helium said. "At the extremity of the day, the largest players to the smallest players privation to beryllium operating successful the United States—they conscionable request a wide acceptable of rules to abide by to bash so." 

Hines said that nether the Biden administration, "rather than welcoming successful innovation and encouraging technological developments, they went aft these people." 

"We’ve been successful the demolition phase—removing a batch of those barriers that the Biden authorities enactment up truthful that radical tin really commencement gathering backmost present successful the United States."

An illustration of bitcoin and insubstantial money.    (Kurt "CyberGuy" Knutsson)

"My main connection to players successful the crypto abstraction has been—welcome home," Hines said. "We are going to make the astir pro-crypto-friendly regulatory situation that anyone could perchance ideate due to the fact that we recognize however important the innovation is present successful this space." 

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Hines explained that during the archetypal week of the 2nd Trump administration, the president acceptable up the interagency moving group—the President's Council of Advisers connected Digital Assets—which includes officials from the Treasury Department, the SEC, CFTC, Attorney General Pam Bondi, and more. 

Trump's enforcement bid directed the moving radical to research respective integer asset-related issues, including looking into the "potential instauration and attraction of a nationalist integer plus stockpile" and proposing "criteria for establishing specified a stockpile, perchance derived from cryptocurrencies lawfully seized by the Federal Government done its instrumentality enforcement efforts."

"With this radical and different White House offices, we are moving connected delivering connected the president’s committedness to wide the platform and person each of these burdens and regulations lifted," Hines said. 

President Donald Trump speaks to reporters aft signing a bid of enforcement orders successful the Oval Office of the White House connected Jan. 23, 2025 successful Washington, DC. 

The radical is presently successful the process of compiling recommendations and gathering a broad study they volition present to the president aboriginal this year. The study is designed to explicate the "clearest regulatory situation possible" successful the space, and recommendations for however the U.S. maintains its relation arsenic "the ascendant person successful the abstraction crossed the globe." 

As for legislation, Hines pointed to the Stablecoin Transparency and Accountability for a Better Ledger Economy, oregon the STABLE Act. That legislation, which passed retired of the House Financial Services Committee connected a bipartisan vote, establishes model for the issuance and cognition of dollar-denominated outgo stablecoins successful the U.S. 

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"I deliberation the Stable Coin authorities could beryllium the archetypal really, genuinely ample and meaningful portion of authorities that the president signs successful the archetypal twelvemonth of a 2nd term," Hines said, noting it would "truly revolutionize the fiscal strategy for years to come." 

"I deliberation that Americans volition spot that erstwhile this authorities is through—once this regulatory model is established—the mode successful which they determination their wealth volition beryllium changed forever," Hines said. "You volition spot that Americans volition person amended entree to quicker payments and amended entree to transparency."