CoinDesk Podcast Network Trump Still on Track to Sign Crypto Legislation by August: White House's Bo Hines | COINDESK DAILY
May 15, 2025
President Trump is poised to sign crucial legislation on stablecoins and market structure, paving the way for a transformed crypto landscape. White House official Bo Hines provides insights into this exciting development. Meanwhile, Cantor Fitzgerald's Brandon Lutnick sheds light on Tether’s reserves, ensuring financial transparency. Additionally, Cardano's founder Charles Hoskinson announces the 'Glacier Drop' airdrop, designed to enhance user engagement and collaboration in the crypto community.
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Trump's Crypto Legislative Push
- President Donald Trump aims to sign stablecoin and market structure legislation before Congress recesses in August.
- His administration is also pursuing a strategic Bitcoin reserve to make the U.S. a Bitcoin superpower.
Tether's Strong Reserve Backing
- Tether's reserves are fully backed and exceed Germany's treasury holdings, affirmed by Cantor Fitzgerald chair Brandon Lutnick.
- Monthly attestations verify Tether's transparency and bolster stablecoin trust and adoption.
Hoskinson's Glacier Airdrop & Vision
- Cardano founder Charles Hoskinson announced the Glacier Airdrop distributing tokens to 37 million users, excluding VCs to promote cooperative economics.
- He emphasizes a cross-chain model with native token transaction fees and validator rewards across blockchains.