ICYMI: Senior Republican: Stablecoins bill will have multiple authors
need ownership from multiple policymakers, even if control of the House of Representatives flips and McHenry becomes chair of the House Financial Services Committee.
But the fintech-friendly congressman said that he believes legislation creating established rules for stablecoins should be a top priority, no matter who gets credit. The North Carolina Republican and the current chair of the House committee governing financial regulations, Rep. Maxine Waters , have negotiated a stablecoins bill for months, though McHenry cast doubt as to whether it would happen this year.
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