U.S. House of Representatives: Agreement on stablecoin regulation legislation reached soon with chairperson of Financial Services Committee

Rep. Maxine Waters, the Democratic leader on the U.S. Financial Services Committee, predicted Wednesday that she and chair Patrick McHenry will soon reach an agreement on stablecoin regulation legislation.
Waters said in an interview that we are working towards a stablecoin bill in the short term and have discussed stablecoins with Senate Majority Leader Chuck Schumer and Senate Banking Chairperson Sherrod Brown, adding that the Federal Reserve, the Treasury Department, and the White House have all provided input on drafting the bill.