• Top U.S. House lawmakers, including Financial Services Committee Chairman Patrick McHenry and Democrat Maxine Waters, met with Senate Majority Leader Chuck Schumer to discuss advancing stablecoin legislation. They have considered packaging the stablecoin bill with the Federal Aviation Administration's funding reauthorization. Despite doubts about the stablecoin bill passing this year, McHenry, who is retiring, is prioritizing the bill to regulate stablecoin issuers and stabilize cryptocurrency trading.

    Friday, April 12, 2024