Key U.S. Lawmaker McHenry Says House Has 'Workable' Stablecoin Bill
Summary
U.S. Rep. Patrick McHenry stated that a stablecoin bill is close to being voted on in the House of Representatives. He has been working on the bill with Rep. Maxine Waters for nearly two years. Sen. Cynthia Lummis believes a compromise bill is likely to pass in 2024. McHenry's committee previously passed a stablecoin bill with bipartisan support, despite opposition from Waters. The House is currently focused on federal spending plans, but McHenry hopes to accomplish the legislation before his retirement.
