Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again
Summary
Efforts to attach stablecoin legislation to an unrelated bill were rejected by Senate and House leaders. Negotiations on stablecoin regulation continue between House Financial Services Committee members. Senate leaders are open to pairing stablecoin regulation with a bill for cannabis businesses. The industry is closely watching the progress of these bills, which may be intertwined. A final compromise on the stablecoin bill is pending, and industry insiders are cautious. Lawmakers have significant incentives to push for the stablecoin bill, with potential impacts on their political standing.
