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White House encryption policy advisor: Major US encryption legislation is expected to be completed by the end of August.
On April 30, according to CoinDesk, White House crypto policy advisor Bo Hines stated that the U.S. Congress is actively advancing cryptocurrency legislation, with related bills expected to be completed in the short term. This week, some major legislative strategic points regarding the efforts of the crypto industry may be addressed in Congress. Bo Hines believes that two main crypto bills can still meet the deadline set by Trump in August. The current legislative process is an important step for the U.S. government in promoting a regulatory framework for the crypto industry, which will provide clear legal guidance and regulatory standards for the digital asset market.