Amitoj Singh is a CoinDesk reporter.
The top Democrat on the U.S. House Financial Services Committee has told Bloomberg that a stablecoin bill could be ready soon.
U.S. House Representative Maxine Waters indicated that the final version of the stablecoin bill could be ready soon."We are on our way to getting a stablecoin bill in the short run,” the top Democrat on the House Financial Services Committee The latest development strengthens hopes that the U.S. can get a new stablecoin law before the elections this year, which was considered a longshot at the start of the year.
Waters and House Financial Services Committee Chairman Patrick McHenry , who have been negotiating for 22 months, reportedly met with Senate Majority Leader Chuck Schumer to get the legislation moving by tying it to a must-pass Federal Aviation Administration reauthorization due next month.
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