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At crypto summit, Trump vows to sign stablecoin legislation before August and end crypto debanking

President Donald Trump said he hoped to have stablecoin legislation on his desk by August as he forges ahead on making significant changes to how the federal government approaches crypto.

Trump said he supported lawmakers' efforts to pass stablecoin bills and others focused on market structure during a White House inaugural crypto summit on Friday afternoon. Trump said he wanted to keep the U.S. dollar "long into the future."

"I hope lawmakers will send that legislation to my desk before August recess if they can," Trump said.