ChainCatcher news, according to The Block, Democratic leader of the U.S. House Financial Services Committee Maxine Waters introduced a stablecoin regulatory discussion draft on February 10. The draft requires stablecoin issuers to maintain at least a 1:1 reserve backing and to be regulated by federal regulatory agencies such as the Office of the Comptroller of the Currency (OCC), the Federal Reserve (Fed), and the Federal Deposit Insurance Corporation (FDIC), as well as state regulatory agencies.It is worth noting that Republican lawmakers also proposed a stablecoin regulatory draft last week, but there are differences in the regulatory approach. Meanwhile, the Senate has formed a working group that will collaborate with the House Financial Committee, the Senate Agriculture Committee, and other agencies to jointly develop cryptocurrency and stablecoin regulations.