Bloomberg: US Congressman predicts agreement on stablecoin regulatory legislation will be reached soon

ChainCatcher news, April 25, according to Bloomberg, Maxine Waters, the Democratic leader of the House Financial Services Committee, predicted on Wednesday that she and Chairman Patrick McHenry would soon reach an agreement on stablecoin regulatory legislation. Waters stated in an interview, "We are working to achieve a stablecoin bill in the short term." She added that she has discussed stablecoins with Senate Majority Leader Chuck Schumer and Senate Banking Committee Chairman Sherrod Brown, and noted that the Federal Reserve, the Treasury Department, and the White House are all involved in drafting the bill.
Waters said, "This is to ensure that investors and the public are protected. We must ensure they have assets backing stablecoins." Federal regulation could lend legitimacy to this asset class, potentially leading to broader adoption.